Applied Materials’ third-quarter forecast disappoints investors, shares fall – ET Auto
Baua Electric
MAY 16, 2024
Applied Materials, which supplies chipmaking tools to Samsung Electronics and Taiwan Semiconductor Manufacturing Co, reported that 43% of its total revenue came from China in the second quarter. The company expects third-quarter adjusted profit per share between USD 1.83 and USD 2.19, compared with estimates of USD 1.98.
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