Micron Technology's financial report exceeds expectations.

Micron Technology's adjusted revenue for the fourth quarter was $11.32 billion, analysts expected $11.15 billion. Adjusted operating profit for the fourth quarter was $3.96 billion, analysts expected $3.67 billion. Gross profit margin for the fourth quarter was 45.7%, analysts expected 44.3%. Projected adjusted revenue for the first quarter is expected to be $12.2 billion to $12.8 billion, analysts expected $11.91 billion. Projected gross profit margin for the first quarter is expected to be 50.5% to 52.5%, analysts expected 45.7%. Micron Technology's stock rose 3.7% after hours. Western Digital and Sandisk also rose after hours.