Applied Materials Inc. (NASDAQ: AMAT) stock fell after reporting third-quarter revenue of $7.3 billion, beating estimates. The company expects a revenue decline in the fourth quarter due to market conditions. Analyst sentiment was mixed, with price targets adjusted by various firms. AMAT stock is trading lower by 12.06% at $165.63.

Read more at Yahoo Finance: Applied Materials Stock Tanks On Weak Outlook, China Headwinds