Micron: Fiscal Q2 Earnings Snapshot

BOISE, Idaho (AP) — BOISE, Idaho (AP) — Micron Technology Inc. (MU) on Wednesday reported fiscal second-quarter earnings of $793 million.

The Boise, Idaho-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring gains, came to 42 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The chipmaker posted revenue of $5.82 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $5.33 billion.

For the current quarter ending in May, Micron expects its per-share earnings to range from 38 cents to 52 cents.

The company said it expects revenue in the range of $6.4 billion to $6.8 billion for the fiscal third quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MU at https://www.zacks.com/ap/MU