Applied Materials

(AMAT) - Get Report

was falling in the premarket session after it missed fourth-quarter earnings estimates.

After the bell Wednesday, the company said it earned $22 million, or 3 cents a share, before items in the quarter, down sharply from a year ago and 1 cent below analysts' views. Revenue fell 20% to $1.6 billion.

On Instinet, Applied Materials shares recently were losing $2.21, or 5.4%, to $38.50.