Micron beats estimates for third-quarter revenue
FILE PHOTO: A smartphone with a displayed Micron logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Chipmaker Micron Technology beat estimates for third-quarter revenue on Wednesday, driven by a surge in demand for its memory chips from the booming AI industry and improved pricing in other markets.
The company reported revenue of $6.81 billion for the third quarter, compared with an estimate of $6.67 billion, according to LSEG data.
(Reporting by Harshita Mary Varghese; Editing by Pooja Desai)