Applied Materials (AMAT) Stock: Slides 4% Despite Record $10.41B Revenue and $2.42B Shareholder Returns

TLDR AMAT stock fell 4.68% to $363.13 despite record quarterly revenue of $10.41B. Applied Materials returned $2.42B through dividends and stock buybacks in Q4. Quarterly revenue surged 53% year over year as semiconductor demand expanded. Non-GAAP quarterly earnings per share jumped 92% to $4.16 from $2.17 last year. Applied Materials expects its Semiconductor Systems business [...]

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