Applied Materials' Earnings Report: A Cautionary Tale for Tech Investors Applied Materials' recent earnings report has sent shockwaves through the tech industry, with shares plummeting nearly 32% versus their year to date high.
On closer examination, however, it becomes clear that this downturn is not simply a case of investors overreacting to short term results.
While Applied Materials reported lower than expected revenue for its third financial quarter, beating analyst expectations on earnings per share wasn't enough to stem the bleeding.