Reported 3 days ago
Micron Technology's stock fell over 10% in after-hours trading following a fiscal first-quarter report that met Wall Street expectations with $8.71 billion in revenue and adjusted earnings of $1.79 per share. However, the company's second quarter guidance, projecting revenue at $8.1 billion—below analysts' expectations of $8.99 billion—has disappointed investors, prompting discussions among analysts about the implications.
Source: YAHOO