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0.000765336159189894 0.000706464146944402 0.00276698457553278 -0.000706464146944569 0.000824208171435219 0.000706464146944569 0.00153067231837979 -0.00503355704697997
Stock impact report

Why Applied Materials Stock Is Sliding Today [Yahoo! Finance]

Applied Materials, Inc. (AMAT) 
Last applied materials, inc. earnings: 2/12 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The news had a similar effect on others in semiconductor manufacturing , including ASML , showing headwinds across the broad industry. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » As of 10:41 a.m. ET, the stock was down 8.5%. Applied Materials, which makes a wide range of products used in semiconductor manufacturing, solar, and electronics, said that revenue in the quarter rose 5% to $7.05 billion, which was ahead of estimates at $6.97 billion. Margins held steady in the quarter as gross margin rose from 47.1% to 47.3%, though operating margin ticked down from 29.3% to 29%. Overall, those results indicate a stable pricing and cost environment for Applied Materials. On the bottom line, adjusted earnings per share rose 9% to $2.32, which beat estimates at $2.19. Despite the sluggish growth, CEO Gary Dickerson talked up the company's future, saying, "Our portfolio of products and services uniquely positions us to e Show less Read more
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