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Chipmaker Micron's forecast powered by improving PC market

Company posts its first rise in quarterly revenue in nearly two years

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Published Thu, Dec 22, 2016 · 09:50 PM

    London

    MICRON Technology Inc forecast current-quarter revenue and profit above estimates as a stabilising PC market spurs demand and boosts prices of its memory chips.

    Shares of the company, which also posted its first rise in quarterly revenue in nearly two years, were up about 10 per cent at US$22.55 in after-market trading on Wednesday.

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