The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach
(Reuters) – U.S. chipmaker Micron Technology Inc beat analysts’ estimates for quarterly revenue on Wednesday, getting a lift from demand for its memory chips used in data centers.
Net income attributable to the company fell to $1.62 billion, or $1.42 per share, in the second quarter ended Feb. 28, from $3.31 billion, or $2.67 per share, a year earlier.
Revenue fell to $5.84 billion from $7.35 billion.
Analysts on average had expected Micron to report revenue of $5.82 billion, according to IBES data from Refinitiv.
Reporting by Sayanti Chakraborty in Bengaluru; Editing by Sriraj Kalluvila