Plus   Neg

Applied Materials Inc. (AMAT) Is Climbing After Q1 Report

Applied Materials Inc. (AMAT) reported first quarter non-GAAP net income of $0.18 per share after the bell Thursday, down from $0.36 per share last year. The consensus estimate was for EPS of $0.12. Second quarter non-GAAP net income is expected to be between $0.20 and $0.28, compared to the consensus estimate of $0.16. The stock is now up 0.68 on 1 million shares.

Applied Materials climbed around midday Thursday and took out the highs of the session late in the afternoon. Shares finished up by 0.31 at $13.21. The stock rose above over a one-week range and closed at a 6 1/2 month high.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
Follow RTT