Micron Stock Is Rallying. Earnings and the Outlook Were Strong. – Barrons

Memory-chip maker Micron Technology posted better-than-expected results for its latest quarter on Tuesday. The firm also provided an optimistic outlook that exceeded Wall Street’s estimates, as pricing improved across the company’s product portfolio.

Micron shares (ticker: MU) were up nearly 4% in after-hours trading. That follows a 2.7% gain during Tuesday’s regular session, in which shares closed at $82.05.

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