The Boise, Idaho, company said Wednesday that it lost $777 million, or $1.01 a share, for the quarter ended Feb. 28, largely due to a $463 million writeoff of goodwill in the company's memory segment.
A year ago, Micron lost $52 million, or 7 cents a share.
Excluding items, the company lost 41 cents a share, in the latest quarter, missing Wall Street's expectations of a 36-cent loss.
Sales fell to $1.36 billion from $1.43 billion.
Compared to a year earlier, average selling prices for the company's DRAM and NAND flash memory products decreased approximately 60% and 70%, respectively, Micron said.
Shares of Micron were up 2 cents in recent after-hours trading to $6.41.
This article was written by a staff member of TheStreet.com.