This is Bill Roller of BR Capital with the KUIK Morning Market Report for Tuesday, July 10. |
Markets are down this morning. |
Index |
Direction |
Change |
Units |
Last |
7:59 AM |
|
|
Dow |
Down |
(18) |
points |
12,719 |
|
|
|
S&P500 |
Down |
-0.11% |
percent |
1,351 |
|
|
|
Nasdaq Composite |
Down |
-0.28% |
percent |
2,923 |
|
|
|
30 Year Treasury |
Up |
0.5 |
basis points |
2.63 |
|
|
|
Applied Materials shares fell this morning after the company cut its sales outlook citing a slump in demand for chip-making equipment. Applied lost 2.5% in early trading after the semiconductor manufacturing equipment company said it expects revenue for the year ending in October to fall below its outlook of $9.1 billion to $9.5 billion. Applied also expects adjusted earnings to fall short of its previous range of 85 cents to 95 cents a share. The company said lowered demand could cause earnings-per-share to decline 15 to 20 cents. Applied is based in Santa Clara California with a division in Hillsboro. |
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Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. |
http://www.marketwatch.com/story/applied-materials-slashes-outlook-2012-07-10 |
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For today’s Morning Market Report click to listen-> |
https://beaconrwa.com/audio/Morning-Market-Report.mp3 |
Shortlink-> |
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