Micron Stock Tumbles as Profit, Revenue Outlook Disappoint

Key TakeawaysMicron Technology shares tumbled in extended trading Wednesday after the company reported third-quarter profit that missed analysts' estimates and offered soft revenue guidance.While Micron's revenue guidance for the final quarter of fiscal 2024 was in line with projections compiled by Visible Alpha, J.P. Morgan and Citi analysts suggested investors had higher expectations.The company's revenue for the third quarter rose from the year-ago period and came just ahead of analysts' estimates as dat ...