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Chipmaker Micron reports 90.8 pct rise in quarterly revenue
September 26, 2017 / 8:07 PM / 3 months ago

Chipmaker Micron reports 90.8 pct rise in quarterly revenue

Sept 26 (Reuters) - Micron Technology Inc reported a 90.8 percent rise in fourth-quarter revenue, helped by surging prices for its memory chips used in smartphones and computers.

Net income attributable to Micron was $2.37 billion, or $1.99 per share, in the quarter ended Aug. 31, compared with a loss of $170 million, or 16 cents per share, a year earlier.

The company’s net sales rose to $6.14 billion from $3.22 billion. (Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)

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