Micron shares rise as first-quarter revenue forecast beats analysts’ expectations
Micron shares (MU) rose 17% before the bell on Thursday after the chipmaker forecast higher-than-expected revenue for the coming quarter. Micron forecast first-quarter revenue of $8.5 billion to $8.9 billion, above the $8.3 billion analysts expected. Company executives attributed the increased expectations to a more favorable pricing environment and robust demand for Micron’s memory chips … Read more