Micron Technology, a leading chipmaker, reported strong third-quarter financial results, exceeding expectations for earnings and revenue.
However, the company's forecast for the upcoming quarter fell short of analyst predictions, leading to disappointment among investors.
Despite the positive third-quarter performance, Micron's stock experienced a significant decline in after-hours trading due to the less-than-expected outlook.
The company's tepid guidance for the fourth quarter overshadowed the strong third-quarter results, causing investor concerns about future growth.
