Applied Materials shares fall on high investor expectations
13/08/2026 22:45
BUZZ-Applied Materials shares fall on high investor expectations ** Shares of chip equipment maker Applied Materials AMAT.O fall 5.7% to $504 in extended trading
** Q3 revenue beats estimates, but shares fall on high investor expectations heading into results
** Q3 revenue of $9.12 bln beats analysts' estimate of $8.99 bln - data compiled by LSEG
** Co forecasts Q4 revenue of around $10.25 bln ± $500 mln, compared with analysts' estimate of $9.54 bln
** Up to last close, stock more than doubled YTD
(Reporting by Anzar Mehraj in Bengaluru)