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Micron stock slumps after posting weak revenue guidance

Yahoo Finance Video

Yahoo Finance Live's Seana Smith takes a look at Micron's stock following a slump in Q4 revenue guidance.

Video transcript

SEANA SMITH: Well, here's our stock to watch for tomorrow. Micron Technology, the stock under pressure after hours after reporting earnings. But the big concern for investors is the company's outlook. Now the company is seeing fourth quarter revenue coming in between $6.8 billion to $7.6 billion, well below its estimate of $9.14 billion. The company's CEO saying that the demand environment has weakened. And that news did weigh on the rest of the semiconductor stocks this afternoon in after hours trading. You can see the stock off just about 1%.