Reuters: Technology News: Micron posts fourth quarter net profit as memory chip prices rise

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Micron posts fourth quarter net profit as memory chip prices rise Oct 10th 2013, 20:11 SAN FRANCISCO | Thu Oct 10, 2013 4:11pm EDT SAN FRANCISCO (Reuters) - Micron Technology (MU.O) posted a fiscal fourth-quarter net profit on Thursday compared to loss in the same period last year, helped by a strong recovery in memory chip prices. The company reported a net profit of $1.71 billion, or $1.51 a share, compared to a net loss of $243 million, or 24 cents, in the year-ago quarter.

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