Stock Movers: Applied Materials, Dillard's

Scott Peters
14 Aug, 2025
New York City

Applied Materials fell 15% to $161.84 despite the semiconductor equipment and materials engineering company reporting an increase in revenue and earnings in the fiscal third quarter ending on July 27.

Consolidated revenue increased to $7.30 billion from $6.78 billion, net income inched higher to $1.77 billion from $1.70 billion, and diluted earnings per share rose to $2.22 from $2.05 a year ago.

During the quarter, Applied Materials returned a total of $1.42 billion to shareholders through share repurchases and dividends, including the repurchase of 1.05 billion shares of common stock. 

Applied Materials guided fourth quarter revenue to be between $6.7 billion compared to $7.30 billion and non-GAAP diluted earnings per share to be between $2.11 compared to $2.11 a quarter earlier.

“We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,” said Brice Hill, Senior Vice President and CFO.

Dillard’s Inc. gained 15 cents to $498.73 after the department store chain reported a slight increase in revenue and a marginal decline in net income in the second quarter.

Consolidated revenue edged higher to $1.53 billion from $1.51 billion, net income fell to $72.8 million from $74.5 million, and diluted earnings per share declined to $4.66 from $4.59 a year ago.

During the second quarter, the company purchased approximately 24,500 shares of Class A shares for $9.8 million, at an average price of $398.67 per share.

During 26-week period ending on August 2, the company purchased $107.8 million, approximately 300,000 shares of Class A shares, at an average price of $359.16 per share.