Shares of US chip equipment giant Applied Materials were down 14% in after-market trade on weak outlook for current quarter revenue of US$6.7 billion, +/- $500 million, vs analysts consensus $7.33 billion (LSEG). “We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and non-linear demand from leading-edge customers given market concentration and fab timing,” said CFO Brice Hill. $Applied Materials(AMAT.US) #Semiconductors
Source: Dan Nystedt
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