logo
Plus   Neg
Share
Email

Applied Materials Remains Sharply Lower After Early Sell-Off

Shares of Applied Materials (AMAT) continue to see significant weakness in afternoon trading on Friday after falling sharply early in the session. After hitting its lowest intraday level in a year, Applied Materials is currently down by 7 percent.

The steep drop by Applied Materials comes after the semiconductor equipment maker reported better than expected fiscal third quarter results but provided disappointing guidance for the current quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apotex Corp. recalled all lots of type 2 diabetes medication Metformin hydrochloride in the form of oral film-coated tablets for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Groupe Renault plans to cut about 14,600 jobs across the world and lower its production capacity. The plan includes almost 4,600 jobs reduction in France, through voluntary retirement and retraining. Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network.
Follow RTT