Reported about 20 hours ago
Applied Materials Inc. (NASDAQ:AMAT) stock fell significantly after the company reported a stronger-than-expected third quarter with revenues of $7.3 billion and adjusted earnings of $2.48 per share. However, the forecast for the fourth quarter suggested a decline in revenue to about $6.7 billion, attributed to issues in China and changing customer demands. Analyst reactions were mixed, with some maintaining ratings while adjusting price targets downwards, leading to a 12.06% decline in share price to $165.63.
Source: YAHOO