BUZZ-PREVIEW: Applied Materials dips; investors focus on trade tensions

Reuters
08/14
BUZZ-PREVIEW: <a href="https://laohu8.com/S/AMAT">Applied</a> Materials dips; investors focus on trade tensions

** Applied Materials AMAT.O shares dipping 0.4% on Thurs ahead of qtrly results after the bell, as investors watch for impact from export curbs and China trade tensions ** Analysts expect the chip manufacturing equipment maker to report qtrly rev up 7% to $7.22 bln. Adj EPS seen at $2.36 vs $2.12 yr-ago, per LSEG ** AMAT missed rev est last qtr, citing weaker sales in its semiconductor systems segment and ongoing export restrictions to China ** Stock recently at 19x expected earnings, just above 5-yr avg forward PE of 18** AMAT up about 16% YTD, outpacing Nasdaq .IXIC which is up 12%

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))

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