Applied Materials (AMAT) reported fourth quarter adjusted earnings of $2.32 per share, topping Street estimates of $2.19. Net sales of $7.05 billion was just above the Bloomberg consensus estimate of $6.97 billion.

The stock traded lower in after-hours trading due to the outlook. The semiconductor company sees first quarter net sales of $6.75 billion to $7.55 billion, putting the midpoint of the range at $7.15 billion. Analysts had been expecting $7.25 billion.

Market Domination Overtime Anchors Julie Hyman and Josh Lipton discuss the results in the video above.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Stephanie Mikulich.