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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: Sam who wrote (81689)	11/15/2018 7:56:57 PM
From: Donald Wennerstrom	1 Recommendation Recommended By Return to Sender of 95546

A bit of a "hiccup" with the AMAT report this evening sending a few stocks down AH. Applied Materials' Forecast Misses Estimates as Market Challenges Persist 4:18 PM ET 11/15/18 \| Dow Jones Applied Materials Inc. (AMAT) gave a downbeat forecast for the current quarter, citing market challenges that hit the company in the second half of the year. Overall, fourth-quarter profit at the semiconductor-equipment supplier fell 11% to $876 million, or 89 cents a share. On an adjusted basis, profit rose to 97 cents a share from 93 cents a share a year earlier. Net sales rose 1% to $4.01 billion. The company had projected 92 cents a share to $1 a share in adjusted profit and $3.85 billion to $4.15 billion in revenue for the fourth quarter. For the first quarter, the company projects adjusted profit of 75 cents to 83 cents a share, and $3.56 billion to $3.86 billion in revenue, compared with analysts' projected 92 cents a share on $3.94 billion in revenue. "While near-term market headwinds remain, overall industry spending remains robust," Chief Executive Gary Dickerson said in a statement.

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