Applied Materials shares sink on light forecast
Material logo applied on 17 December 2024.
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Applied Materials Semiconductor Equipment Company has provided more than 10% of stocks in expanded transactions on Thursday, as it provides appearance for the existing quarter.
The following described how the materials applied in the third quarter gain results against LSEG consensus forecasts are explained below:
- EPS: $ 2.48, set, $ 2.36 estimated.
- Revenues: 7.3 billion dollars and 7.22 billion dollars estimation.
Applied materials, in the existing quarter of $ 2.11 per share in corrected earnings, and $ 2.39 per share is lower than LSEG forecasts, he said. The company said it expects an income of $ 6.7 billion and is an estimated $ 7.34 billion.
CEO Gary Dickerson said the current macroeconomic and policy environment is “increasing uncertainty and lower visibility”. He said the company’s Chinese business is particularly affected by uncertainty.
Tariffs of the Trump administration may double the price of imported chips unless they create vehicles to make plugs in most Asia for chip documents.
Applied materials, the US government waiting for export license applications with great accumulation, but the next quarter of none assuming that it will be published, he said.
“In the fourth quarter, both capacity digestion and market concentration and fab timing in China, we expect a decrease in income due to non -linear demand, both in the fourth quarter.” He said. Authorized, Lower China expects to continue a few more quarters, he added.
Applied materials reported $ 2.22 per quarter of $ 1.78 billion in a quarter or $ 2.22 per share, $ 1.71 billion or $ 2.05 compared to the previous year.
Semiconductor Systems, the most important part of the company, represented a $ 5.43 billion sales, estimates and an increase of 10% compared to last year.
Applied Materials praised President Donald Trump, after being included in an Apple program to make more chips in the USA, at the beginning of this month
Apple, Austin, Texas to produce more production equipment will be a partner with the chip manufacturer, he said.
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