Shares of Applied Materials (AMAT) lost roughly 5% of their value during the past trading week. The global semiconductor manufacturer announced its fourth quarter results on Thursday.
Fourth Quarter Results
Applied Materials reported fourth quarter revenues of $1.65 billion, down 24.6% on the year. Order intake fell to $1.47 billion, for a book-to-bill ratio of 0.89, implying lower revenues in the near term. Revenues beat analysts consensus of $1.58 billion.
Read the entire article on Seekingalpha by clicking the following link
No comments:
Post a Comment