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Benzinga
Benzinga
Business
Henry Khederian

Why AMD Shares Are Falling Today

AMD Nasdaq Applied Materials

Shares of semiconductor companies, including Advanced Micro Devices, Inc. (NASDAQ:AMD), are trading lower in sympathy with Applied Materials, Inc. (NASDAQ:AMAT) after the company reported worse-than-expected second-quarter financials results and issued third-quarter financial guidance below analyst estimates.

Applied Materials said fiscal second-quarter revenue increased 12% year-over-year to $6.25 billion, which came in below the $6.37-billion estimate. The company reported quarterly adjusted earnings of $1.85 per share… Read More

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