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Technology Stocks : Semi Equipment Analysis
SOXX 302.00+2.6%4:00 PM EST
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To: Return to Sender who wrote (84789)3/23/2020 4:32:42 PM
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Applied Materials withdraws Q2 guidance on coronavirus pandemic
MARKETWATCH 4:29 PM ET 3/23/2020

Symbol Last Price Change
AMAT 40.17 +2.18 (+5.74%)
QUOTES AS OF 04:00:00 PM ET 03/23/2020


Applied Materials Inc. (AMAT) said Monday it is withdrawing its business outlook for the second quarter of fiscal 2020 because the COVID-19 pandemic is affecting its supply chain and manufacturing operations. Governmental shutdown orders in the U.S. and other countries and cuts in airline schedules around the world "are resulting in major disruptions to the supply chain and logistics operations that support our industry," Applied Materials(AMAT) said. "The situation is fluid, and we will provide more information during our next earnings webcast." Shares of Applied Materials(AMAT) fell 0.4% in the extended session after ending the regular session up nearly 6%.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
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