Applied Materials Delivers Beat Across The Board, Issues Strong Guidance, Shares Jump

Benzinga ·  08/18 08:09  · Earnings

Applied Materials(AMAT.US) shares are trading higher in Thursday's after-hours session on the heels of the company's fiscal third-quarter results. Here's a rundown of the report and a look at what's driving shares higher after the close.What Happened: Applied Materials said third-quarter revenue fell 1% year-over-year to $6.42 billion, which beat the consensus estimate of $6.16 billion, according to Benzinga Pro. The company reported quarterly earnings of $1.90 per share, which beat analyst estimates of $1.74 per share.The gross margin came in at 46.3%. Applied Materials said it generated $2.58 billion in cash from

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write first comment