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Applied Materials Stock Slides, Despite Solid Results
Even with Friday’s drop, shares of Applied Materials have roughly doubled in value since the start of the yearCredit: Applied MaterialsKey TakeawaysApplied Materials shares slid Friday, despite solid quarterly results from the chip equipment maker.Several Wall Street analysts reiterated their support in the wake of the report. Applied Materials isn’t having an easy time impressing investors.Shares of Applied Materials (AMAT) were down about 5% in recent trading, despite quarterly results that topped analysts’ estimates. It was one of the biggest decliners in the S&P 500 and Nasdaq, on a day…
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