Micron Technology shares took a hit in extended trading after reporting mixed results. Although the company's revenue for the third quarter beat expectations and saw a significant increase from the previous year, the profit fell short of analysts' estimates. Investors were also disappointed by the soft revenue guidance for the final quarter of fiscal 2024, with J.P. Morgan and Citi analysts indicating higher expectations. Despite reporting a record high in data center SSD revenue, Micron's shares dropped over 5%. The company posted a net income of $332 million, a significant improvement from the loss reported a year ago, but still below projections. While diluted earnings per share met estimates at 30 cents, the overall reaction to Micron's latest financial report was one of apprehension and concern.