Shares of Micron Technology, Inc. (Nasdaq: MU) surged in after-hours trading following the release of its better-than-expected financial results.

In the third quarter of fiscal 2023, Micron reported a loss of $1.43 per share and revenue of $3.752 billion, surpassing the consensus estimate of a loss of $1.58 per share on revenue of $3.65 billion.

Looking ahead to the fourth quarter, Micron expects a loss ranging from $1.26 to $1.12 per share and revenue ranging from $3.70 billion to $4.10 billion. The consensus estimate for the period is a loss of $1.06 per share on revenue of $3.89 billion.

In after-hours, $MU is currently trading at $68.14, up $1.07 or 1.60%.

In other news, Concentrix Corporation (Nasdaq: CNXC) reported an EPS of $2.69 in the second quarter of fiscal 2023, surpassing the consensus estimate of $2.52.

However, the company has revised its revenue outlook for the full-year fiscal year 2023. The new range is now $6.575 billion to $6.640 billion, down from the previous range of $6.705 billion to $6.830 billion.

$CNXC is currently trading at $78.00 in after-hours, reflecting a decrease of $5.48 or 6.56%.

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