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Applied Materials disappointed investors with the sales forecast



Applied Materials disappointed investors with its revenue and earnings forecast for the current quarter. Sales are based on first-quarter sales of $ 3.56-3.66 billion (3.15 billion to 3.41 billion euros), and a profit of between 75 and 83 cents a share, the world's largest chipmaker said today. The US stock market is close with.

Analysts had an average income of $ 3.94 billion and a profit of 92 cents per share is expected. In post-trading trading, the company's share fell 8%.

Results The applied materials are considered a type of barometer for the entire industry. Presumably, there is now growing concern that a two-year boom in the chip could reach stagnation. In the fourth quarter of the year, Applied Materials posted a slight increase in sales to $ 4.01 billion.

~ WEB http://www.appliedmaterials.com/ ~ APA011 2018-11-16 / 01: 44


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