AMAT stock remains mostly flat despite the miss.Applied Materials stock lost ground in Thursday's aftermarket session after missing earnings forecasts on both top and bottom lines., but is mysteriously down just 1.1% on Friday's premarket at $109.53.Applied Materials Stock Earnings: Supply chains constrained until fourth quarter
. It was revenue that worried the market. Sales of $6.25 billion missed estimates by nearly $104 million. Worse yet was the outlook handed out by management. For the current quarter, Wall Street was expecting $6.73 billion in revenue. Management, however, placed the midpoint of their estimate flat at $6.25 billion and said the final figure could go $400 million higher or lower. Still, the higher end of the projection would fall below the existing average analyst forecast..
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