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Micron profit soars on stronger sales, margins

2015-01-07 01:34:05| Semiconductors - Topix.net

Micron Technology Inc. said its earnings surged as the memory-chip maker benefited from stronger sales and margins, as well as lower costs, during its quarter ended Dec. 4. Micron shares, however, fell 5.8% to $30.95 in recent after-hours trading as revenue missed analysts' expectations, though it was in line with company estimates. Through Tuesday's close, the shares have risen 59% in the past 12 months.

Tags: sales profit stronger margins

Category:Electronics and Electrical

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