reversed a year-earlier loss in its third quarter, topping analysts' earnings estimates but falling shy of top-line expectations.
Micron shares were recently down 52 cents, or 3.6%, to $13.94 in after-hours trading after rising 60 cents, or 4.3%, to $14.46 in Wednesday's regular session.
In its quarter ended June 3, the chipmaker earned $90.9 million, or 13 cents a share, on $1.12 billion in sales. In the third quarter a year ago, the company lost $214.9 million, or 36 cents a share, on sales of $732.7 million.
Analysts polled by Thomson First Call were expecting the company to earn 9 cents a share in the just-completed period. The company fell short of Wall Street's estimate of $1.15 billion in sales.
Micron did not immediately forecast its fourth-quarter sales or profits. On average, analysts are looking for profit of 17 cents a share on $1.27 billion in sales in the current quarter.