WDC - Micron pops as Q2 results guidance top estimates

Micron Technology (NASDAQ:MU) shares rose after the computer memory company posted second-quarter results and issued third-quarter guidance that beat estimates.  For the period ending March 3, Micron said it earned $2 a share on $7.79 billion in revenue. Gross margins, a closely watched measure, came in at 47.2%. A consensus of Wall Street analysts expected Micron (MU) to earn $1.98 per share on $7.53 billion in revenue for the second quarter. Micron (MU) shares gained slightly more than 4.5% to $85.80 in after-hours trading.    During the quarter, Micron generated $3.63 billion in operating cash flow, down from $3.94 billion in the prior quarter but above the $3.06 billion it generated in the year-ago quarter.   For the the third-quarter, Micron said it expects revenue to be between $8.5 billion and $8.9 billion, with adjusted earnings per share expected to be between $2.36 and $2.56 per share. Gross margins are forecast to come in between 46% and

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Micron pops as Q2 results, guidance top estimates