Micron stock falls more than 4% despite Q2 earnings beat amid growth concerns

Micron (MU) stock fell more than 4% in early trading Thursday, despite posting better-than-anticipated second quarter earnings after the bell on Wednesday. The company also provided strong guidance for the current quarter, topping Wall Street estimates. According to William Blair analyst Sebastien Naji, the market reaction is likely the result of fears that Micron won’t be able to continue its torrid growth rate. Micron stock is up more than 342% over the last 12 months and 58% year-to-date. For Q2, th ...