Micron beats expectations with stronger-than-forecast quarterly results

Earnings per share came in at $33.42, compared with expectations of $31.61.

Revenue for the quarter was $54.23 billion, which was also higher than analysts' forecast of $51.07 billion.

For the current quarter, the company's revenue is estimated to reach $61.5 billion, compared with analysts' average expectation of $56.8 billion.

The report sent Micron's stock higher in after-hours trading.