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Tech Industry

Short Take: Micron reports gains

Micron Technology reported net income of $142.7 million, or 66 cents per share, for the second quarter ended February 27, down from $188.2 million, or 87 cents per share, in the same quarter a year ago. Micron had pretax gains of $205 million on the sale of 15.4 million shares of common stock of subsidiary Micron Electronics. The company had quarterly net sales of $876.2 million, down from $996.5 million for the previous year.

Micron Technology reported net income of $142.7 million, or 66 cents per share, for the second quarter ended February 27, down from $188.2 million, or 87 cents per share, in the same quarter a year ago. Micron had pretax gains of $205 million on the sale of 15.4 million shares of common stock of subsidiary Micron Electronics. The company had quarterly net sales of $876.2 million, down from $996.5 million for the previous year.