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Micron forecasts second-quarter revenue above estimates

Jan 7 (Reuters) - Micron Technology Inc on Thursday forecast second-quarter revenue above Wall Street estimates as a global shift to remote work and a recent uptick in 5G smartphone adoption drove demand for its chips.

The chipmaker expects current-quarter revenue to be $5.8 billion, plus or minus $200 million, while analysts on average were expecting $5.50 billion, according to IBES data from Refinitiv. (Reporting by Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)

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