Chipmaker Micron's third-quarter revenue exceeds expectations
SAN FRANCISCO, June 23
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)
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