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Micron Technology's (MU) stock is dropping by over 10% at the time of this video's posting in after-hours trading. The semiconductor manufacturer posted fiscal first quarter results of $8.71 billion, which was in line with Wall Street estimates, and an adjusted earnings beat of $1.79 per share.
Though what really disappointed investors was Micron's second quarter guidance, which forecasted revenue of $8.1 billion on the high end as compared to Wall Street's $8.99 billion.
Market Domination Overtime hosts Julie Hyman and Josh Lipton break down the biggest takeaways from Micron's latest earnings print and the analyst commentary surrounding it.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
This post was written by Luke Carberry Mogan.