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Elpida Memory Inc., the nation’s largest maker of computer memory chips, reported Thursday its third consecutive quarterly loss after a glut drove down prices.

The net loss was ¥13.8 billion during the business first quarter that ended June 30, compared with a profit of ¥14.6 billion a year earlier, Tokyo-based Elpida said. The loss exceeded the ¥13.2 billion median of five analysts’ estimates.

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