Micron Beat Earnings Estimates. Why Its Stock Is Falling Anyway.

Shares of Micron Technology were down successful aboriginal trading Wednesday aft the institution bushed expectations for its quarterly net Tuesday but failed to impressment Wall Street with its outlook.

The representation shaper reported fiscal fourth-quarter nett income of $2.72 billion, which amounts to $2.39 a share, compared with a nett net of $988 million, oregon 87 cents a share, successful the year-ago period. Adjusted for stock-based compensation, among different things, net were $2.42 a share. Revenue roseate 37%, to $8.27 billion.

The...