AMAT Applied Materials Guides below consensus on conf call -Update- Guides EPS as $0.16-$0.20 vs $0.27 consensus revs down 13-18% sequentially (comes to about $2.01-$2.09 bln vs $2.33 bln consensus) tech may get pounded tomorrow. NTAP raised but AMAT is a much more important tech company.
dow is moving higher and hihger after hrs... it was down like 92 pts @ 4.05 PM then it went down to 83 pts and now its down 76 pts... AMAT is down so all semis will be down tomorrow...