Applied Materials Inc., the largest US maker of chip-manufacturing equipment, gave a disappointing revenue forecast, signaling that some semiconductor customers may be holding off on orders.

Shares of Applied Materials (NASDAQ: AMAT), the nation's biggest manufacturer of semiconductor equipment, dropped today after it offered disappointing guidance in its fourth-quarter earnings report due to weakness in China.

Applied Materials (AMAT) shares were active in late trading on Thursday after the semiconductor equipment maker reported fiscal fourth-quarter results. Read for more.

During the quarter, Applied Material’s semiconductor systems business unit – by far its biggest – delivered revenue of $5.18 billion, up 6% from a year ago. Sales in the global services segment rose 11% to $1.64 billion, while revenue from the much smaller display and adjacent markets unit fell 29% to $211 million.

Applied Materials gave a slightly disappointing outlook, driving its shares lower in after-hours trading Thursday. The chip equipment maker reported adjusted earnings of $2.32 a share for the October quarter,

Applied Materials (AMAT) reported fiscal fourth-quarter earnings that missed analysts’ expectations, sending shares lower after the bell Thursday despite a revenue beat. The semiconductor equipment maker saw revenue grow 5% year-over-year to $7.

Applied Materials (AMAT) stock is falling, after the semiconductor firm's upbeat fourth-quarter results were overshadowed by a gloomy outlook