Micron Technology Rises in After-Hours Trading on Q3 Beats
Micron Technology (NASDAQ: MU) saw a pop of as much as 7% in after-hours trading following the release of its third quarter of fiscal 2020 results.
The memory chip maker handily beat analyst estimates for the quarter, in results that were published after market close. For the period, Micron's sales were $5.44 billion, nearly 14% higher on a year-over-year basis. Non-GAAP (adjusted) net income went in the opposite direction, sliding 21% to $941 million ($0.82 per share).
Image source: Micron Technology.
Source Fool.com
