Micron shares plunge on weak second-quarter guidance

Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024.Micron shares plunged 13% in extended trading on Wednesday after the chipmaker issued weak second-quarter guidance despite an earnings beat for the latest period. Here's how the company did compared to analysts' expectations surveyed by LSEG:Earnings per share: $1.79, adjusted vs. $1.75 expectedRevenue: $8.71 billion vs. $8.71 billion ...