Micron Technology Shares Rally On Earnings Beat

Micron Technology Inc. shares rallied in the extended session Wednesday after the chip maker's quarterly earnings topped Wall Street estimates. Micron shares advanced 5% to $28.49 on heavy volume. The company reported adjusted fiscal second-quarter earnings of 81 cents a share on revenue of $4.17 billion. Analysts surveyed by FactSet had expected 72 cents a share on revenue of $4.15 billion.