26-06-2019 15:00 via feedproxy.google.com

Micron overcomes Huawei ban, jumps after smashing earnings expectations (MU)

US-based chipmaker Micron Technology surged 9% in early morning trading after reporting revenue and earnings that beat Wall Street estimates.
The company reported earnings per share of $1.05, beating Wall Street expectations of $0.78, and revenue of $4.79 billion, which exceeded the average forecast of $4.68 billion.
Micron's business was hurt by the Trump administration export ban on Huawei, a Chinese telecommunications company, imposed earlier this spring.
The company has since started shippin
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