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See the best of Reuters photography. See more | Photo caption A new Mona Lisa smile A younger vision of Mona Lisa is to be unveiled in Geneva. Slideshow The war on polio Worldwide cases of polio have fallen 99 percent since 1988. Slideshow Micron fourth quarter misses estimates as sales fall Tweet Share this Email Print Related News Lennar's new home orders climb, analysts cautious Mon, Sep 24 2012 Apple's iPhone 5 uses chips from Qualcomm, Avago, Skyworks Fri, Sep 21 2012 Jefferies shares drop sharply on weak operating results Thu, Sep 20 2012 Richest Americans' net worth jumps to $1.7 trillion: Forbes Wed, Sep 19 2012 Transat swings to profit on cost cuts, shares up Thu, Sep 13 2012 Analysis & Opinion Spain looking to cut corners on bank bailout Related Topics Tech » Media » Thu Sep 27, 2012 4:54pm EDT (Reuters) - Chipmaker Micron Technology Inc posted lower-than-expected quarterly results due to a dip in chip sales. The company reported a net loss of $243 million, or 24 cents per share, for the quarter ended August, its fifth straight quarter of losses. It had a fourth-quarter loss of $135 million, or 14 cents per share, a year earlier. Sales for the company, which counts Intel Corp and Hewlett-Packard Co among its customers, fell to $1.96 billion from $2.14 billion a year ago. Analysts on average were expecting a loss of 23 cents per share on revenue of $2.11 billion, according to Thomson Reuters I/B/E/S. Sales of NAND chips fell 12 percent compared to the third quarter and those of DRAM chips declined 9 percent, the company said. The company experienced difficult market conditions and lower average selling prices in the year, Chief Executive Mark Durcan said in a statement. Last month, CEO Durcan told Reuters prices for NAND memory chips should firm early next year as industry production cuts help reduce supply. Economic sluggishness in Europe and the United States and an oversupply of NAND chips, used by Apple Inc and other manufacturers of mobile devices, have hammered prices since last year and caused losses for Micron, which is the only major U.S. memory chipmaker. In July, the company agreed to buy failed Japanese chipmaker Elpida Memory Inc for about $750 million in cash, moving into the second place in the global DRAM market, behind market leader Samsung Electronics. The company's shares, which closed at $6.01 on Thursday on the Nasdaq, fell to $5.93 in extended trading. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sreejiraj Eluvangal) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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