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-   -   [Techpowerup.com] (PR) Micron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2010 (http://i4memory.com/showthread.php?t=23120)

News 03-04-2010 11:30 AM

[Techpowerup.com] (PR) Micron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2010
 
Micron Technology, Inc., (Nasdaq:MU) today announced results of operations for its second quarter of fiscal 2010, which ended March 4, 2010. For the second quarter of fiscal 2010, the company had net income attributable to Micron shareholders of $365 million, or $0.39 per diluted share, on net sales of just under $2 billion. These results compare to net income of $204 million, or $0.23 per diluted share, on net sales of $1.74 billion for the first quarter of fiscal 2010 and a net loss of $763 million, or $0.99 per diluted share, on net sales of $1.0 billion for the second quarter of fiscal 2009. Amounts and presentations for periods prior to fiscal 2010 have been recast for the effects of the adoption of new accounting standards for convertible debt and non-controlling interests.

"Micron positioned itself well during the recession. The company's results are starting to reflect the combination of an improving market, strong operational performance, advanced technology and a broad product portfolio," said Steve Appleton, Micron Chairman and CEO.

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