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Boise • Micron Technology Inc. reported a profit of $1.15 billion for its fourth quarter.
On a per-share basis, the Boise,-based company said Thursday it had net income of 96 cents. Earnings, adjusted for one-time gains and costs, were 82 cents per share.
The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 82 cents per share.
The chipmaker posted revenue of $4.23 billion in the period, topping Street forecasts. Analysts expected $4.17 billion, according to Zacks.
Micron shares have increased 46 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 7 percent. In the final minutes of trading on Thursday, shares hit $31.79, a rise of 87 percent in the last 12 months.