Seeking Alpha

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

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.
From other sites
Comments (1)
  • Moon Kil Woong
    , contributor
    Comments (11779) | Send Message
     
    The semi downturn may be becoming more evident.
    10 Jul 2012, 01:05 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs