Applied Materials Warns Uncertainty Is Slowing Its Business, Especially in China
1. AMAT cites macroeconomic uncertainty impacting its business, particularly in China. 2. Current-quarter guidance falls short of forecasts, spurring a 13% premarket drop. 3. Despite guidance concerns, AMAT exceeded Q3 earnings and revenue estimates. 4. CEO notes lower visibility and demand dynamics affecting revenue potential. 5. AMAT shares were previously up over 15% year-to-date before guidance release.