Chipmaker Micron's profit falls 59 percent

Reuters News
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Posted: Oct 01, 2015 4:15 PM

(Reuters) - Memory chipmaker Micron Technology Inc <MU.O> reported a 59 percent fall in quarterly profit as demand stayed weak for its chips used in personal computers and a decline in selling prices.

Net income attributable to Micron fell to $471 million, or 42 cents per share, in the fourth quarter ended Sept. 3, from $1.15 billion, or 96 cents per share, a year earlier. (http://1.usa.gov/1ML4B0T)

Revenue fell 14.8 percent to $3.60 billion.

(Reporting by Anya George Tharakan in Bengaluru)