Applied Materials Sags: Look Past Second-Half Hand-Wringing Say Bulls

Tech Trader Daily
By Tiernan RayFeb 16, 2017, 10:34 am152 pts
Shares of chip equipment maker Applied Materials (AMAT) are down 30 cents, or 0.9%, at $35.19, despite slightly beating fiscal Q1 expectations yesterday afternoon, and forecasting results this quarter much higher than consensus. The issue is the outlook for the second half of this year. The implication from…

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