June 20, 2018 / 8:09 PM / 5 months ago

Micron reports 40 pct jump in quarterly sales

June 20 (Reuters) - Chipmaker Micron Technology Inc reported a 40 percent jump in quarterly sales on Wednesday, driven by strong demand for its memory chips used in computers and smartphones.

Net income attributable to the chipmaker rose to $3.82 billion, or $3.10 per share, in the third quarter ended May 31, from $1.65 billion, or $1.40 per share, a year earlier.

Net sales rose to $7.80 billion from $5.57 billion. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Shailesh Kuber)

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