From CNBC: 2024-12-18 17:11:06

Micron Technology Inc. CEO Sanjay Mehrotra spoke with CNBC on the NYSE floor as shares plummeted 13% in extended trading due to weak second-quarter guidance, despite an earnings beat. Revenue for the latest period met expectations at $8.71 billion but projected second-quarter revenue is $7.9 billion, with adjusted EPS of $1.43, lower than analyst estimates. The company highlighted growth in data centers and AI ventures with Nvidia processors. CEO Mehrotra remains optimistic about a return to growth in the second half of the fiscal year.



Read more at CNBC:: Micron shares plunge on weak second-quarter guidance