Short Take: Micron Technology posts $48.1 million loss
Micron Technology posted a net loss of $48.1 million, or 23 cents per share, for the second fiscal quarter on sales of $755.4 million, compared with a profit of $142.7 million, or 68 cents per share, reported for the same period a year ago on sales of $876.2 million. The results were below what some analysts had expected.
Jeff Pelline Staff Writer, CNET News.com
Jeff Pelline is editor of CNET News.com. Jeff promises to buy a Toyota Prius once hybrid cars are allowed in the carpool lane with solo drivers.
posted a net loss of
$48.1 million, or 23 cents per share, for the second fiscal quarter on
sales of $755.4 million, compared with a
profit of $142.7 million, or 68 cents per share, reported for the same
period a year ago on sales of $876.2 million. The results were below what some analysts had expected.