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After-hours buzz: MU, UNFI & more

Carmin Chappell

Micron Technology MU shares rose more than 4 percent in after-hours trading following the release of its fourth-quarter earnings report, before paring its gains and falling 3 percent from the closing price. Revenue also beat expectations, with the company reporting $8.44 billion compared to the $8.25 billion analysts estimated. The stock turned lower after the company gave weak future guidance for revenue and earnings per share compared to what analysts had estimated.