(Reuters) - Micron Technology Inc (NASDAQ:MU) forecast current-quarter revenue above analysts' estimates on Wednesday despite a number of chipmakers warning of sales hit due to the coronavirus outbreak.
Industry peers including Applied Materials Inc (NASDAQ:AMAT) and Broadcom (NASDAQ:AVGO) Inc have recently pulled their forecasts, citing disruptions in supply chain due to the pandemic.
Shares of Micron were up 5% in extended trading.
The company also said two of its employees had tested positive for the coronavirus, and are receiving medical attention.
The Idaho-based company forecast third-quarter revenue in the range of $4.6 billion to $5.2 billion, the midpoint of which was above analysts' estimates of $4.87 billion (4.1 billion pounds)
.