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Micron stock surges after hours as earnings top lowered expectations

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Micron Technology Inc. shares rise in the extended session Tuesday, after the memory-chip maker’s results topped lowered expectations for the quarter:

Micron Technology Inc. shares rose in the extended session Tuesday after the memory-chip maker’s results topped lowered expectations for the quarter.

The company reported fiscal third-quarter net income of $840 million, or 74 cents a share, compared with $3.82 billion, or $3.10 a share, in the year-ago period. At the beginning of the third quarter, the Street had been estimating $1.36 a share on revenue of $5.59 billion.

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