- Micron stock is performing well despite poor guidance.
- Micron reported an EPS beat and a revenue miss.
- The company cut revenue guidance for the current quarter by as much as a third.
How bad was it? It was bad. The market had been expecting Micron Technology (MU) to unveil a poor quarter, and the maker of digital storage and memory devices obliged. Micron's quarterly report missed on revenue but beat on earnings for the fiscal fourth quarter ending in August, but a . . .