Micron Technology Inc. reported its seventh consecutive quarter of losses Thursday.
The Boise digital-memory maker said it lost $286 million on sales of $2.1 billion in the quarter that ended Feb. 28, compared with $282 million in the same quarter a year ago. The losses equaled 28 cents per share, compared with 29 cents a year prior.
The company has lost $1.7 billion in the past seven quarters.
The latest losses included $120 million from changes in the market value of the company's currency hedges entered into in connection with Micron's planned acquisition of Japan's Elpida Memory, Inc. and Rexchip Electronics Corp., a Taiwanese chip maker in which Elpida has a majority stake.
Micron also lost $62 million associated with the expected sale of the company's fabrication plant n Avezzano, Italy, in the first half of this year.
Revenues from dynamic random access memory products rose 24 percent over the previous quarter because of a 38 percent increase in sales. Those were partially offset by a 10 percent decrease in the chips' average selling prices.