) are trading higher on Wednesday afternoon after the company released its second quarter report. The company reported a revenue of $5.82 billion for the quarter versus an expected $5.33 billion. Micro also issued guidance for its third quarter, estimating $6.6 billion in revenue, beating Wall Street's expectations of $6.02 billion.
Bulk elaborates on the sales forecast for Micron:"What we see today is that the industry and Micron are being very disciplined when it comes to adding capacity. In memory, it is all about the equation between demand and supply.
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