Applied Materials Q1 revenue guidance falls short of expectations, triggering concerns over chip demand.
applied materials announced its fourth quarter performance.
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Applied Materials (AMAT.US) quarterly earnings forecast falls short of expectations, dropping nearly 6% after hours.
The usa chip manufacturer applied materials (AMAT.US) announced its fourth quarter earnings for the period ending October 27. Quarterly net profit fell 14% year-on-year to 1.731 billion dollars, with a diluted quarterly earnings per share of 2.09 dollars, adjusted to 2.32 dollars, exceeding market expectations of 2.19 dollars.
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Applied materials (AMAT.US) Q1 revenue guidance is below expectations, raising concerns about chip demand.
applied materials announced its fourth quarter performance.
In the fourth quarter, applied materials reported net sales of 7.05 billion dollars, exceeding analyst expectations.
Gelonghui November 15th | Applied Materials' fourth-quarter net sales were 7.05 billion US dollars, exceeding analysts' expectations of 6.97 billion US dollars. Semiconductor systems' net sales for the fourth quarter were 5.18 billion US dollars, slightly higher than analysts' expectations of 5.13 billion US dollars. The first quarter is expected to have net sales of approximately 6.75 billion to -7.55 billion US dollars, with analysts expecting 7.25 billion US dollars.
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