Applied Materials cuts fourth-quarter revenue estimate By Reuters


© Reuters. FILE PHOTO: Applied Materials’ new corporate signage photo in Santa Clara, California, U.S. is shown in this image released on August 22, 2016. Courtesy Applied Materials/Handout via Reuters/File Photo

(Reuters) – Applied Materials Inc (NASDAQ:) on Wednesday cut its fourth-quarter revenue estimate to about $6.4 billion, plus or minus $250 million, to reflect the impact of new export regulations, compared with prior outlook of $6.65 billion, plus or minus $400 million.

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