Applied materials shares sink on light forecast

Applied materials The shares sank more than 10% with prolonged trade on Thursday, as the semiconductor equipment company provided prospects for the current quarter that has emerged.

Here’s how the materials applied made in the results of the third quarter profit relative to LSEG consensus assessments:

• EPS: $ 2.48, adjusted for $ 2.36.
• Revenue: $ 7.3 billion for $ 7.22 billion.

The attached materials said it was expecting $ 2.11 per share in the corrected profit in the current quarter, more than LSEG estimates of $ 2.39 per share. The company said it was expecting revenue of $ 6.7 billion for $ 7.34 billion.

Executive Director Gary Dickerson said the current macroeconomic and political environment was “creating increased insecurity and less visibility”. He said China’s business of the company is especially realized by uncertainty.

The Trump administration tariffs could double the price of imported chips, unless the companies they buy do not engage them to build in American applied materials, do not make tools for the foundry chips to make physical chips, most of which are currently happening in Asia.

The attached materials said there was a great deal of upcoming from upcoming applications for an export license to the US government, but it is assumed that none of them would be issued in the next quarter.

“We expect a decline in revenue in the fourth quarter, led by both the digestion of capacity and non -linear demand by leading customers, given the market concentration and FAB time,” said a statement by the company’s head of the company. He added that he expects the business of the more low China to continue a few more quarters.

The materials attached reports $ 1.78 billion in net income or $ 2.22 a diluted share in the quarter, against $ 1.71 billion or $ 2.05 for the period a year ago.

The most important division of the company, Semiconductor Systems, reported $ 5.43 billion in sales, forgives estimates and represents a 10% increase compared to last year.

The applied materials were praised By President Donald Trump earlier this month after being included in an Apple program to make more chips in the US

Apple said it would partner with the chipmator to produce more production equipment in Austin, Texas.

Watch: Apple and Trump detailed $ 100 billion to expand costs: Here’s what you know