logo
Plus   Neg
Share
Email

Applied Materials Inc. Q3 adjusted earnings Beat Estimates

Applied Materials Inc. (AMAT) reported earnings for its third quarter that climbed from last year.

The company's bottom line came in at $1.17 billion, or $1.17 per share. This compares with $0.93 billion, or $0.85 per share, in last year's third quarter.

Excluding items, Applied Materials Inc. reported adjusted earnings of $1.21 billion or $1.20 per share for the period.

Analysts had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.5% to $4.47 billion from $3.74 billion last year.

Applied Materials Inc. earnings at a glance:

-Earnings (Q3): $1.21 Bln. vs. $0.93 Bln. last year.
-EPS (Q3): $1.20 vs. $0.86 last year.
-Analysts Estimate: $1.17
-Revenue (Q3): $4.47 Bln vs. $3.74 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.92 to $1.00
Next quarter revenue guidance: $3.85 - $4.15 Bln
Full year EPS guidance: $4.41 to $4.49
Full year revenue guidance: $17.1 - $17.4 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT