Chipmaker Micron’s profit falls 59 percent


(Reuters) – Memory chipmaker Micron Technology Inc reported a 59 percent fall in quarterly profit as demand stayed weak for its chips used in personal computers and a decline in selling prices. Net income attributable to Micron fell to $471 million, or 42 cents per share, in the fourth quarter ended Sept. 3, from $1.15 billion, or 96 cents per share, a year earlier. (http://1.usa.gov/1ML4B0T) Revenue fell 14.8 percent to $3.60 billion. (Reporting by Anya George Tharakan in Bengaluru)

Read more…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s