Micron posts better-than-expected Q2 results and Q3 guidance

Micron (MU) reported second quarter earnings after the closing bell on Wednesday that beat expectations on the top and bottom lines, but shares fell early Thursday as the stock's recent rally cooled. Its third quarter guidance also came in well above estimates as the AI market continues to drive massive demand for memory chips around the world. Micron stock fell 3% early Thursday. For the quarter, Micron reported earnings per share (EPS) of $12.20 on revenue of $23.86 billion. Wall Street was anticipatin ...