Applied Materials Withdraws Second Quarter of Fiscal 2020 Business Outlook
Applied Materials, Inc. (AMAT)
Last applied materials, inc. earnings: 2/12 04:01 pm
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US:NASDAQ Investor Relations:
appliedmaterials.com/company/investor-relations
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Source: GlobeNewswire
SANTA CLARA, Calif., March 23, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. is withdrawing its business outlook for the second quarter of fiscal 2020, ending on April 26, 2020, because the evolving worldwide response to COVID-19 is impacting the company’s supply chain and manufacturing operations. Specifically, while the company’s global operations network is designed to provide significant flexibility and redundancy, various governmental orders in the U.S. and other countries as well as reductions in airline schedules around the world are resulting in major disruptions to the supply chain and logistics operations that support our industry. The situation is fluid, and we will provide more information during our next earnings webcast. Applied is navigating these challenges with strong customer relationships and from a position of financial strength and technology leadership. We are maintaining our focus on enabling the powerful, long-term trends that we expect to drive future g
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