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Applied Materials Inc. (AMAT) Is Down On Weak Guidance

Applied Materials Inc. (AMAT) reported third quarter adjusted EPS of $1.20 after the close Thursday, which surpassed the consensus estimate of $1.17. The company expects to report fourth quarter EPS of $0.92 to $1.00 and full year EPS of $4.41 to $4.49. Street expectations are for EPS of $1.17 and $4.59.

Applied Materials traded in a range for the bulk of Thursday's session and closed down by 0.08 at $47.43. The stock is now down 1.98 on 930K shares after the bell.

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