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AMAT
Benzinga
95 days

Globant, Doximity, Applied Materials And Other Big Stocks Moving Lower In Friday's Pre-Market Session

1. AMAT shares fell 5.8% to $164.65 in pre-market trading. 2. AMAT reported better-than-expected second-quarter earnings despite missing sales estimates. 3. The company expects third-quarter revenue of $7.2 billion, slightly above estimates. 4. Q3 adjusted earnings forecast is between $2.15 and $2.55 per share. 5. Overall market sentiment shows slight bullish trending despite AMAT's downturn.

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FAQ

Why Bearish?

AMAT's decline amidst solid earnings indicates market concern over growth potential. Historically, such earnings disparities often lead to downward pressure on stock prices.

How important is it?

Earnings reports directly impact AMAT's stock performance, making this news significant. The slightly exceeded earnings yet lower sales guidance draws investor concern.

Why Short Term?

The immediate negative market response could lead to short-term volatility. Over time, if guidance is met, recovery is possible.

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