BOISE, Idaho (AP) _ Micron Technology Inc. (MU) on Monday reported fiscal first-quarter earnings of $2.31 billion.

On a per-share basis, the Boise, Idaho-based company said it had profit of $2.04. Earnings, adjusted for one-time gains and costs, were $2.16 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.

The chipmaker posted revenue of $7.69 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $7.66 billion.

For the current quarter ending in March, Micron expects its per-share earnings to range from $1.85 to $2.05. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.85.

The company said it expects revenue in the range of $7.3 billion to $7.7 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $7.28 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MU at https://www.zacks.com/ap/MU

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