Micron Reports Small Loss

Micron Technology Inc. reported a smaller-than-expected loss of $17.4 million, or 7 cents a share, in its fiscal fourth quarter, as sales jumped 56% to $1.08 billion. The chip maker lost $93.3 million, or 43 cents a share, in the year-earlier period. The average estimates from analysts called for a loss of 8 cents, according to First Call Corp. The estimates ranged from a loss of 34 cents to a loss of 4 cents.