Micron (MU) Stock Falls Following Q4 Beat, But Guidance Miss

Micron Technology (NASDAQ: MU) stock is trading 4% lower after-hours following the company’s reported Q4 results, with EPS coming in at $2.42, better than the Street estimate of $2.32, and revenue coming in at $8.27 billion, versus the Street estimate of $8.21 billion.

However, the memory company provided its Q1/2022 guidance, which missed Street expectations. The company anticipates quarterly EPS to range from $2.00 to $2.20, lower than the consensus estimate of $2.61, and revenue to be between $7.45-$7.85 billion, versus the consensus estimate of $8.63 billion.

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