Shares of Micron Technology  (MU) - Get Report were soaring over 9% in after-hours trading on Thursday after the semiconductor company reported stronger than expected second quarter financial results.

Following today's market close Micron reported earnings of 90 cents per share on revenue of $4.65 billion. 

Analysts surveyed by FactSet were estimating earnings of 69 cents on revenue of $4.63 billion.

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Micron issued third quarter EPS guidance between $1.43 and $1.57, on revenue between $5.20 billion and 5.60 billion. Analysts were projection third quarter earnings of 91 cents per share on revenue of $4.74 billion. 

For the same quarter last year, Micron reported a net loss of 5 cents per share on revenue of $2.93 billion.