Applied Materials Stock Slips on Predicted China Sales Headwinds

News Snapshot:

David Paul Morris / Bloomberg / Getty Images Key Takeaways Shares of Applied Materials declined on Friday after the company's sales projections outweighed a first-quarter earnings beat. Sales and adjusted profits each came in better than expected for the first quarter of fiscal 2025. The company also said it expects recent export limits to China will negatively impact sales by about $400 million in fiscal 2025. Shares of Applied Materials fell Friday morning after the company's projections for current quarter sales left room for disappointment. Applied Materials' (AMAT) results for the first quarter of fiscal 2025 came in after the...