Applied Materials (AMAT) -6.5% after warning it expects FY12 (ends in Oct.) revenue and EPS to...

|By:, SA News Editor

Applied Materials (AMAT) -6.5% after warning it expects FY12 (ends in Oct.) revenue and EPS to be below prior guidance ranges of $9.1B-$9.5B and  $0.85-$0.95 (consensus stands at $9.5B and $0.94). AMAT blames weak chip equipment demand from foundries. Lower in sympathy: KLAC -1.9%. LRCX -2.5%. However, ASML is up 8.2% following its deal with Intel, and rival Cymer (CYMI) is up 3.5%. Recent data has suggested the chip equipment industry's recovery is stalling.