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Applied Materials Inc. (AMAT) Is Falling After Q4 Report

Applied Materials Inc. (AMAT) reported fourth quarter adjusted EPS of $0.97 after the close Thursday, which was in line with analysts' expectations. The company's revenue for the quarter rose 1.0% to $4.01 billion from $3.97 billion last year.

Applied Materials rose steadily until mid-afternoon Thursday, before profit taking set in. The stock closed up by 1.44 at $35.02. Applied Materials is now down 3.07 on 742K shares after the bell.

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