Applied Materials (AMAT -1.8%) sells off after guiding for FY12 (ends in October) revenue of...

|By:, SA News Editor

Applied Materials (AMAT -1.8%) sells off after guiding for FY12 (ends in October) revenue of $9.1B-$9.5B and EPS of $0.85-$0.95 ahead of its annual shareholder meeting; the figures are below a consensus of $9.6B and $0.96. The chip equipment giant, which was up 20% YTD, blames ongoing weakness in its display and solar equipment businesses. (yesterday)