Reported about 19 hours ago
Applied Materials (AMAT) reported better-than-expected third-quarter earnings and revenue, with an adjusted earnings per share of $2.48 surpassing estimates. However, the company's fourth-quarter outlook fell short of Wall Street expectations, leading to an 11% decline in stock price during after-hours trading. CEO Gary Dickerson cited a challenging macroeconomic environment contributing to uncertainty, particularly concerning their China business.
Source: YAHOO