Shares of Applied Materials (NASDAQ: AMAT), the nation's biggest manufacturer of semiconductor equipment, dropped today after it offered disappointing guidance in its fourth-quarter earnings report due to weakness in China.

Applied Materials (AMAT) stock is falling, after the semiconductor firm's upbeat fourth-quarter results were overshadowed by a gloomy outlook

Applied Materials (AMAT) just delivered strong fourth-quarter (Q4) results that beat Wall Street's expectations. However, the stock has come under pressure due to the company’s cautious guidance for the first quarter of fiscal 2025.

Applied Materials (AMAT) shares were active in late trading on Thursday after the semiconductor equipment maker reported fiscal fourth-quarter results. Read for more.

During the quarter, Applied Material’s semiconductor systems business unit – by far its biggest – delivered revenue of $5.18 billion, up 6% from a year ago. Sales in the global services segment rose 11% to $1.64 billion, while revenue from the much smaller display and adjacent markets unit fell 29% to $211 million.

Applied Materials gave a slightly disappointing outlook, driving its shares lower in after-hours trading Thursday. The chip equipment maker reported adjusted earnings of $2.32 a share for the October quarter,

Applied Materials (AMAT) reported fiscal fourth-quarter earnings that missed analysts’ expectations, sending shares lower after the bell Thursday despite a revenue beat. The semiconductor equipment maker saw revenue grow 5% year-over-year to $7.