The stock was down 2% today and is down a further 3% after hours.
Weakness seen in both semiconductor equipment and solar business
Applied Materials Inc. said Tuesday that it swung to a loss in its second fiscal quarter as sales of its semiconductor manufacturing equipment fell sharply on slumping demand.
Despite the slump, sales for the recent quarter came in higher than Wall Street's estimates. But the company also saw a sharp drop in new orders for its solar segment....MORE