Applied Materials' revenue forecast signals weak spending outside AI chips
Applied Materials forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand for the chipmaking equipment outside of AI-powered chips, sending its shares down nearly 5% in extended trading.
Applied Materials Stock Drops, Chip-Equipment Rivals Fall
Shares in Applied Materials (AMAT) sank after the semiconductor-equipment company issued a lower-than-expected sales outlook, citing weaker demand trends in China. The stock recently traded about 7.2% lower,
Applied Materials' EPS Tops Forecasts
The semiconductor manufacturing equipment specialist reported record revenues in its fiscal 2024 fourth quarter.
Applied Materials forecasts quarterly revenue below estimates on weak demand
Applied Materials forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand for the chipmaking equipment outside of AI-powered chips, sending its shares down nearly 4% in extended trading.
Applied Materials (AMAT) Tops Q4 Earnings and Revenue Estimates
Applied Materials (AMAT) came out with quarterly earnings of $2.32 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.
Applied Materials soft revenue guidance overshadows Q4 results beat
Applied Materials (NASDAQ:AMAT) reported fiscal fourth-quarter results that beat Wall Street estimates, but the memory chip maker's revenue guidance for the current quarter fell short of estimates. Applied Materials Inc
Applied Materials Posts Record Fourth-Quarter Revenue Amid AI Demand
Applied Materials (AMAT) late Thursday reported stronger-than-expected results for the fiscal fourth quarter, underpinned by a rise in artificial intelligence adoption. Adjusted earnings per share increased to $2.
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