Published October 5, 2015 10:44am EDT | Updated October 5, 2015 12:06pm EDT

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%.