Storage makers trade higher after Micron earnings beat

Shares of storage technology firms Western Digital (WDC) and Seagate Technology (STX) are trading higher after memory maker Micron (MU) reported earnings that easily beat consensus views for EPS and revenue after the close of trading. In a slides presentation accompanying its quarterly earning report, Micron said revenue in its Storage Business unit were up 21% quarter-over-quarter, adding that revenue in the unit was driven by client and cloud SSD shipments. PRICE ACTION: Shares of Western Digital are up over 3% to $78.55 per share, while shares of Seagate Technology are up 1.3% to $45.72 per share. Micron shares are off their earlier after-hours highs, but still up over 9% in after-hours trading.