Plus   Neg

Applied Materials Inc. Q3 adjusted earnings Beat Estimates

Applied Materials Inc. (AMAT) released earnings for its third quarter that advanced from the same period last year.

The company's bottom line came in at $841 M, or $0.91 per share. This compares with $571 million, or $0.61 per share, in last year's third quarter.

Excluding items, Applied Materials Inc. reported adjusted earnings of $976 M or $1.06 per share for the period.

Analysts had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.6% to $4.40 billion from $3.56 billion last year.

Applied Materials Inc. earnings at a glance:

-Earnings (Q3): $976 M. vs. $692 Mln. last year.
-EPS (Q3): $1.06 vs. $0.74 last year.
-Analysts Estimate: $0.95
-Revenue (Q3): $4.40 Bln vs. $3.56 Bln last year.

Next quarter EPS guidance: $1.11 to $1.23

For comments and feedback contact: editorial@rttnews.com

Follow RTT