By Maria Armental
Micron Technology Inc. expects to generate about $8.7 billion in revenue this quarter, putting it on track for a record revenue year.
One of the world's largest memory-chip makers, Micron on Tuesday reported second-quarter results ahead of Wall Street targets. This quarter, it expects to make a profit of $2.23 to $2.43 a share this quarter, or $2.36 to $2.56 a share as adjusted, on $8.5 billion to $8.9 billion in revenue. Analysts surveyed by FactSet expect $2.11 a share, or $2.24 a share as adjusted, on $8.13 billion in revenue.
Shares rose 4% to $85.35 in after-hours trading.
Write to Maria Armental at maria.armental@wsj.com
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