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Applied Materials Tumbles On Sales Miss

  • Revenue of $3.3 billion, up 39.2 percent year-over-year, missed estimates by $10 million.
  • Management sees Q1 revenue of $3.2 billion to $3.34 billion, above estimates of $3.12 billion.
  • The company guided for Q1 EPS of $0.62 to $0.70, versus expectations for $0.58 in EPS.
  • Shares are trading down 4 percent in Thursday’s after-hours session.

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