BOISE, Idaho — Micron Technology Inc. reported its second-consecutive quarterly profit, air Shox R5 Leatherfurther rebounding after more than three years of losses. The Boise-based semiconductor maker on Wednesday posted net income of $365 million, or 39 cents per share,air Shox R5 Mesh in the quarter that ended March 4. It lost $763 million, or 99 cents a share, in the same period a year ago. Its revenue jumped 97 percent toair Shox R5 PU Big Hook $1.96 billion. The company, whose products go into computers, mobile phones,air Shox Torch flash memory cards and digital cameras, generated $804 million in cash flow and ended the quarter with cash and investments worth about $1.9 billion. Micron's gross margin on sales of memory products rose to 35 percent fromair Shox TZ 27 percent in the prior quarter as it hiked prices and manufacturing costs fell. In December, the company reported its first quarterly profit since 2006 with net income of $204 million,Air Max 95 or 23 cents per share. Micron's shares gained 30 cents, or 2.9 percent, to $10.67 in after-hours trading Wednesday.Air Max Ltd Before the earnings announcement, the shares had ended the regular session down 42 cents at $10.37. Copyright © 2010 The Associated Press. shoesAll rights reserved. Finance Minister Bill English said the IMF report backed the government's policy "considered and pragmatic" approach to economic management. "At the same time, we're significantly reducing the amount of extra government spending and demanding better public services from government agencies. We believe we have struck the right balance on this score," English said in a statement. He said the government's budget on May 20 would set cheap shoesout the next steps in the government's economic reforms to boost growth. The Fund forecast New Zealand's economy would grow atwholesale shoes about 3 percent in 2010 and 2011 before falling back to its potential of around 2.3 percent. The IMF said it supported the central bank's accommodative monetary stance and planned move to gradually return to more neutral interest rates once the recovery is well underway. The Reserve Bank of NZ said in March a subdued economy,nike shoes weak business and cautious consumers meant there was no urgency to raise rates from the record low 2.5 percent before the middle of the year. New Zealand's rate compares with official rates ofcheap nike shoes 4 percent in neighbouring Australia, where the central bank has been raising rates since October amid far stronger growth, 0.1 percent in Japan, 1 percent in the euro zone, and 0-0.25 percent in the United States. The IMF said inflation would likely remain within theair jordan central bank's 1-3 percent target, albeit at the higher end of that range.