Chipmaker Micron posts net loss as PC industry drags

(Reuters) - Memory chipmaker Micron Technology posted a quarterly net loss as it struggled with a slowing PC industry. The company reported on Thursday a net loss for the fiscal second quarter of $286 million, or $0.28 per share. It had a loss of $282 million, or $0.29 per share, a year earlier. Revenue rose to $2.1 billion from $2.0 billion a year ago. Analysts on average expected quarterly revenue of $1.922 billion, according to Thomson Reuters I/B/E/S. (Reporting by Noel Randewich; Editing by Phil Berlowitz)



via Tech News Headlines - Yahoo! News http://news.yahoo.com/chipmaker-micron-posts-net-loss-pc-industry-drags-201431296--finance.html