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Financial News: Micron crushes earnings

Financial News:

Micron crushes earnings

Micron Plant

Micron's quarterly profit of $2.16 per share surpassed expectations by 5 cents a share.

The chipmaker's revenue also exceeded expectations. Micron provided a positive outlook, citing sustained high demand for its semiconductors. In premarket trading, the company's stock jumped 8.2 percent.

Photo: Micron owns 51 percent of the IM Flash plant in Lehi and Intel the rest in a joint venture that began in 2005.

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Content ID: 1640092575 Created Tuesday, December 21, 2021 1:16 PM UTC by Aaron Stipkovich, Updated Tuesday, December 21, 2021 1:22 PM UTC by Aaron Stipkovich.