Micron extends gains in wake of better-than-expected earnings

Micron Technology Inc. shares rallied Monday, poised for a second session of strong gains, after reporting better-than-expected quarterly results last week. The chip maker posted fiscal fourth-quarter earnings of 37 cents a share, ahead of the 31-cent a share forecast by analysts in a FactSet survey. Shares of Micron surged 8.8% to $17.30 following a 7.7% gain on Friday. For the year, the stock is down 51%.

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