Shares of Micron popped in extended trading Wednesday after the company announced earnings that beat analysts' expectations and offered rosy guidance.
The company reported a net income of $793 million, up from a net loss of $2.3 billion in the same period last year.that beat analysts and offered rosy guidance. The company, which makes memory and storage for computers, said it has benefitted from the artificial intelligence boom. For its fiscal third quarter, Micron expects to report revenue of $6.6 billion, above the $6.02 billion expected by analysts.
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