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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.

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.