Micron climbs 6% after boosting sales guidance by more than expected (MU)

Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance to a range of $5.2 billion to $5.4 billion, according to an 8-K filed with the SEC.
The company's raised guidance was well ahead of its previously forecast range of $4.6 billion to $5.2 billion and consensus third quarter revenue estimates of $4.91 billion.
The announcement from Micron helped boost other chipmakers' shares, with the PHLX Semiconductor Index turning positive after the news.
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