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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Earnings Report

Associated Press

Citing lower prices for memory chips, Micron Technology Inc. late Thursday reported slight profit growth for its second fiscal quarter despite a solid jump in sales.

The company earned $188.2 million, or 87 cents per share, in the quarter that ended Feb. 29. Analysts had been expecting a per-share profit of $1.10 to $1.20.

A year ago, Micron earned $183.5 million, or 86 cents per share, in the same period.