Scalper1 News
A better-than-expected outlook for memory chip prices and fiscal Q2 earnings that topped Wall Street expectations sent Micron Technology (MU) stock rising Friday. Micron late Thursday said it earned 85 cents per share minus items, swinging from a 28-cent per-share loss in the year-earlier quarter. Revenue for the quarter ended Feb. 27 rose 98% to $4.11 billion. Analysts had modeled EPS of 76 cents on revenue of $4 billion. Micron stock was up 2% Scalper1 News
Scalper1 News