Chipmaker Micron's third-quarter revenue exceeds expectations

SAN FRANCISCO, June 23 Mon Jun 23, 2014 4:09pm EDT

SAN FRANCISCO, June 23 (Reuters) - Memory chipmaker Micron Technology Inc posted fiscal third-quarter revenue above expectations following signs of stabilization in the personal computer industry that could fuel demand for DRAM chips.

Micron said in a statement on Monday its revenue jumped 72 percent to $3.98 billion in the third quarter, which ended in May. Analysts on average expected revenue of $3.89 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Noel Randewich; Editing by Lisa Shumaker)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.