Applied Materials Inc. (AMAT: Quote) 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.
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by RTT Staff Writer
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