Micron Technology Inc. (MU) Wednesday posted third-quarter net income attributable to Micron shareholders of $43 million or $0.04 per share, compare to a net loss of $320 million or $0.32 per share in the comparable quarter last year.
On average, 29 analysts polled by Thomson Reuters expected the company to earn $0.02 per share in the quarter. Analysts' estimates typically exclude special items.
Revenues were $2.32 billion, up from $2.17 billion last year, while 28 analysts expected revenues of $2.25 billion for the quarter.
Gross margin improved to 24 percent in the third quarter of fiscal 2013.
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