Applied Materials forecasts revenue growth of between 8% and 12% across its core semiconductor-systems business and its applied global-services segment, respectively, but also a 28% drop in display revenue due to sales headwinds in China.

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 reported its fourth-quarter results after Thursday's closing bell. Here's a look at the details from the report.