Micron Q3: Good Quarter, Bad Cash-Flow (Rating Downgrade)

JHVEPhoto Investment Thesis Micron (NASDAQ:MU) released their fiscal Q3 2024 results on Wednesday, reporting revenue and earnings that beat the expectations held by analysts. However, the stock price slumped by 6.5% in extended-hours trading following this earnings release. I believe the primary reasons for this negative market reaction are the lower-than-expected cash flow and the just in-line guidance for the current quarter. As I have been closely following Micron's cash flow performance, I somewhat  ...