Micron Earnings Beat Estimates

Micron Electronics Inc., a direct seller of personal computers, said fiscal second-quarter net income rose 37% to $5.72 million, or 6 cents a share, but revenue fell 11% to $334 million. The earnings beat analyst estimates of 4 cents. Shares of Nampa, Idaho-based Micron Electronics, which is majority-owned by Micron Technology, had fallen 44 cents to close at $17.31 on Nasdaq before the earnings were released.