Micron shares plunge on weak second-quarter guidance
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Micron shares dropped 12% in extended trading due to weak second-quarter guidance, despite first-quarter earnings surpassing estimates and revenue meeting expectations.
December 18, 2024 | 10:30 pm
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Micron's stock fell 12% in extended trading following weak second-quarter guidance. This overshadowed the positive news of first-quarter earnings beating estimates and revenue aligning with expectations.
The weak guidance for the second quarter is a significant negative factor, likely causing the 12% drop in Micron's stock price. Although Q1 earnings were positive, the market is more focused on future performance, which is expected to be weaker.
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IMPORTANCE 90
RELEVANCE 100