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Benzinga
Benzinga
Business
Adam Eckert

Why Applied Materials Stock Is Sliding After Hours

Applied Materials AMAT Applied Materials Inc

Applied Materials Inc (NASDAQ:AMAT) shares are trading lower in Thursday's after-hours session after the company reported worse-than-expected financial results and issued earnings 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, which came in below the estimate of $1.90 per share.

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