Earnings Report
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.