Micron Just Beat Earnings by a Mile. Here's Why the Stock Fell Anyway.

Micron Technology (NASDAQ: MU) shares should have jumped following last Wednesday's post-close release of its fiscal Q2 earnings. Revenue of $23.9 billion nearly tripled year over year, handling topping analysts' estimates of $20.1 billion, while per-share earnings of $12.20 trounced estimates of $9.31. Guidance for the quarter currently underway was also impressive. Yet, MU stock tumbled out of the gate Thursday, and after a brief rebound later that session, joined the marketwide sell-off on Friday. What ...