Why Micron Technology Stock Just Dropped 5%

Speaking at the Future of Technology virtual conference hosted by KeyBanc Capital Markets today, Micron Technology (NASDAQ: MU) CFO David Zinsner laid out a conservative forecast for revenue over the next few quarters. TheFly.com reports from the conference that Micron is guiding investors to expect $6 billion in revenue, plus or minus $250 million, in fiscal Q4. By Micron's calendar, Q4 is the quarter we're in right now.) The good news is that $6 billion is actually a little bit ahead of consensus forecasts from Wall Street.