- Applied Materials, Inc. (Amat) loses 5.25% in the day, operating at the time of writing about $ 165.57.
- Amat obtained income for 7.1 billion dollars, below 7,13 billion dollars expected.
The securities of Applied Materials, Inc. (Amat) established a maximum of the day in $ 169.47, finding aggressive vendors that dragged the price of the share at minimum not seen since May 12 in $ 161.92. Currently, Amat is quoted about one 165.57 $, falling 5.25% on the last day of the week.
Applied Materials, Inc. disappoints investors by not meeting expectations in their profit report
The company specialized in providing components for the manufacture of software and semiconductors, Applied Materials (Amat) loses 5.25% in the last day of the week, reaching minimums not seen since May 12 in $ 161.92 after making its profit report known.
Amat obtained revenues for $ 7.1 billion compared to light 7.13 billion expected dollars, as well as an action of $ 2.39, compared to the $ 2,314 scheduled by the market.
In this sense, the financial intermediary Mizuho cut the target price of Amat to 195 $ from $ 205, maintaining a neutral perspective over the company.
Technical levels of materials materials
Amat titles reacted down from a short -term resistance given by the maximum of May 15 in 176.38 $. Downwards, the nearest support is observed at $ 144.76 of April 30. The following important support is found at $ 123,71, Pivote Point of April 7.
Amat hours chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
