Applied Materials Stock Declines Amid Weak Outlook and Economic Uncertainty
TL;DR
Applied Materials beat earnings estimates for Q3 but issued a weak outlook due to macroeconomic uncertainties, especially in China, leading to a over 12% drop in after-hours trading and a slight decline during the regular session.
Topics:business#applied-materials#business#outlook-warning#quarterly-earnings#semiconductor-industry#stock-decline
- Applied Materials Stock Drops On Weak Outlook. CEO Sees 'Increased Uncertainty.' Investor's Business Daily
- Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties CNBC
- Applied Materials Beats Earnings Estimates. Why the Stock Is Falling. Barron's
- Applied Materials Gives Downbeat Forecast in Sign of Trade Woes Bloomberg.com
- Applied Materials Forecasts Fall in Profit, Revenue The Wall Street Journal
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