Reuters: Technology News: Micron posts mixed quarterly results

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Micron posts mixed quarterly results Mar 22nd 2012, 20:47 Tweet Share this Email Print Related News General Mills profit dips as commodity costs rise Wed, Mar 21 2012 Oracle software sales rise offsets weak hardware Tue, Mar 20 2012 Adobe revenue slows ahead of upgrades, shares fall Mon, Mar 19 2012 Dissected iPad reveals Samsung, Qualcomm parts Thu, Mar 15 2012 Dow, S&P hit milestones on confidence, lower oil Tue, Feb 28 2012 Related Topics Tech » Hot Stocks » Asian Markets » The main entrance to Micron corporate headquarters in Boise, Idaho, February 3, 2012. Credit: Reuters/Brian Losness SAN FRANCISCO | Thu Mar 22, 2012 4:20pm EDT SAN FRANCISCO (Reuters) - Micron Technology (MU.O) posted quarterly revenue above expectations as lower prices for DRAM and NAND chips were offset by higher sales volumes. The top U.S. memory manufacturer said revenue in its fiscal second quarter, ended March 1, was $2.07 billion, compared with $2.26 billion in the year-ago quarter. Analysts on average expected $2.02 billion, according to Thomson Reuters I/B/E/S. Micron reported a net loss of $224 million, or 23 cents per share, in the quarter versus net profit of $72 million, or 7 cents per share, in the same quarter last year. Shares of Micron were stable in extended trade after closing 0.34 percent lower at $8.71 on Nasdaq. (Reporting By Noel Randewich; Editing by Gary Hill) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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