Shares of Micron Technology Inc. (MU) fell more than 2% Tuesday after the chipmaker raised its current-quarter revenue and earnings guidance, citing “improved supply and demand balance and improved pricing.”

Micron said it now expects sales in the quarter ending Thursday to total about $4.7 billion, up from a prior estimate of between $4.2 billion and $4.6 billion. Higher revenue is expected to be offset slightly by higher costs, with 澳洲幸运5官方开奖结果体彩网:operating expenses forecast to be $990 million, up from ꦅbetween $885 million and $915 million.

澳洲幸运5官方开奖结果体彩网:Gross margin is forecast to be -0.5% to break even, better than the -6% to -2% range previously expected. Finally, the company’s loss-per-share estimate ($1 to $1.14) was revised narrower to $1 per share. Micron has struggled due to a slowdown in demand for chips and while an improvement, the new guidance may not have been enough for investors.

Micron shar🍷es fell as much as 4% in early trading Tuesday, although they were still up nearly 50% year-ꦜto-date.