Applied Materials (AMAT) reported fiscal fourth-quarter 🌃earningsℱ that missed analysts’ expectations, sending shares lower after the bell Thursday despite a revenue beat.

The 澳洲幸运5官方开奖结果体彩网:semiconductor equipment maker saw revenue grow 5% year-over-year to $7.05 billion, above the analyst consensus from Visible Alpha. However, net income at $1.73 billion or $2.09 per share was down from $2 billion or $2.38 per share a year earlier and fell short of expectations. 

Looking ahead, Applied Materials said it anticipates first-quarter revenue of $7.15 billion, plus or minus $400 million, below the analyst consensus at the midpoint. Its projection for 澳洲幸运5官方开奖结果体彩网:earnings per share of $2.29 was above the consensus.

Sales in China Slow

Revenue from China totaled $2.14 billion, 28% lower than a year ago. Last month, analysts warned that Applied Materials and other semiconductor equipment makers could be hit by a 澳洲幸运5官方开奖结果体彩网:slowdown in demand in the country 🧔for dynamic random access ༺memory, a key data-storage component used in computers.

Applied Materials shares fell 4% in extended trading. They were up about 15% for the year through Thursday's close.