Micron Shares Jump on Earnings Beat - What's Next?

Micron Technology ((MU) shares surged more than 11% after the company reported blowout earnings yesterday evening, easily beating analyst estimates on both the top and bottom lines. The most notable takeaway was Micron’s guidance for next quarter, with revenue expectations raised to $18.7 billion from roughly $14.2 billion and earnings guidance nearly doubling from $4.78 per share to $8.42.Management struck a confident tone, noting that it is “more than sold out,” and reiterated expectations for the total a ...