Micron Technology

(MU) - Get Report

is postponing the release of its second-quarter earnings until early next week, because

Micron Electronics

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(MUEI)

, in which the company owns a 61% stake, has delayed its results.

The Boise, Idaho, maker of memory chips said sales for its semiconductor operations totaled $1.05 billion for the second quarter. Despite the delayed release of the consolidated results, Micron said the semiconductor component of its financial results were slightly profitable on a pretax basis for the second quarter.

Micron Electronics now plans to report second-quarter earnings Friday.

Shares of Micron Technology gained $1.41, or 3.5%, to $42.01 in

New York Stock Exchange

trading today, before rising 49 cents to $42.50 in after-hours

Instinet

action.