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Applied Materials Inc. Profit Advances In Q2

Applied Materials Inc. (AMAT) announced earnings for its second quarter that increased from the same period last year

The company's bottom line came in at $1.72 billion, or $2.06 per share. This compares with $1.57 billion, or $1.86 per share, in last year's second quarter.

Excluding items, Applied Materials Inc. reported adjusted earnings of $1.74 billion or $2.09 per share for the period.

The company's revenue for the quarter rose 0.3% to $6.65 billion from $6.63 billion last year.

Applied Materials Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $1.72 Bln. vs. $1.57 Bln. last year.
-EPS (Q2): $2.06 vs. $1.86 last year.
-Revenue (Q2): $6.65 Bln vs. $6.63 Bln last year.

-Guidance:
Next quarter EPS guidance: 1.83 - 2.19
Next quarter revenue guidance: $6.61 - 6.69 Bln

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