Applied Materials (NASDAQ: AMAT), one of the world's biggest makers of manufacturing equipment for producing semiconductors, crashed 14% through 1:55 p.m. ET despite reporting strong earnings last night.

Analysts forecast Applied would earn $2.36 per share on sales of $7.2 billion in its fiscal Q3. Applied actually earned $2.48 per share, and sales were also stronger than expected at $7.3 billion.

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Source Fool.com