Monday June 16 8:28 PM EDT: Micron profit rose 66 percent in 3rd quarter
BOISE, Idaho, June 16 (Reuter) - Micron Technology Inc. said Monday its earnings rose a better-than-expected 66 percent for the latest quarter, boosted by
higher prices for its computer memory chips.
Micron, based in Boise, Idaho, said net income jumped to $96.8 million, or 44 cents a share, for its third quarter ended on June 16, from $58.2 million, or 27 cents,
a year earlier. Sales rose 25 percent to $965 million from $771 million.
Wall Street expected Micron to earn 38 cents a share, according to Zacks Investment Research, which tracks analysts' estimates.
>>> Hey if its getting good for memory manufacturers, it's gotta be getting good for everyone else, right? |
