✉news BusinessMarkets first seen 5 h ago, last 2 min ago, peak #18
Micron stock falls as capex plans overshadow earnings beat
Original: MU Stock Drops After Hours: Micron’s Heightened Capex Forecast Overpowers Q4 Beat, Expectation-Beating Q1 Guidance
Micron shares dropped in after-hours trading despite the memory chipmaker beating expectations for its fiscal fourth quarter and issuing stronger-than-expected fiscal first-quarter guidance. Investors focused instead on the company's raised capital expenditure forecast, which suggests heavier spending on new production capacity ahead. Traders appear concerned that elevated spending could pressure free cash flow and margins even as demand for memory remains strong.
Why now: Micron's sharply higher capex forecast alarmed investors enough to outweigh an earnings beat and upbeat guidance.
Rank over time, top of the chart is #1. 7 snapshots from 5 h ago to 2 min ago.
Evidence
- MU Stock Drops After Hours: Micron’s Heightened Capex Forecast Overpowers Q4 Beat, Expectation-Beating Q1 Guidance · finance.yahoo.com
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