Micron Technology Reports Wider Loss

Micron Technology Inc., the world’s second-biggest maker of personal-computer memory chips, reported a fourth-quarter loss of $586.5 million.

The net loss widened to 97 cents a share from $575.5 million, or 96 cents, a year earlier. Sales in the quarter ended Aug. 29 rose 56% to $748 million from $480.3 million, the Boise, Idaho-based company said.

The news came after the markets closed. Micron shares rose 19 cents to $12.95 on the NYSE.