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Applied Materials Shares Tumble After 2Q

Stock quotes in this article: AMAT  

NEW YORK (AP) — Shares of Applied Materials Inc. slid in morning trading Wednesday as analysts raised concerns about the company's solar cell business following fiscal second-quarter results.

The Santa Clara, Calif. company, which also provides chip manufacturing equipment, posted a loss of $255.4 million on Tuesday for the quarter ended April 26.

With demand weak, revenue tumbled 53 percent to $1.02 billion, though not as far as analysts expected. ...

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