Applied Materials Surging On Q1 Earnings Results - Applied Mat (NASDAQ:AMAT)

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Applied Materials (NASDAQ: AMAT) released its fiscal Q1 earnings results on Thursday after the closing bell. The company reported earnings per share of $0.18, which came in well ahead of Street consensus EPS estimates of $0.12. Revenues for the quarter were $2.19 billion versus estimates of $1.97 billion. In Thursday's after hours tradings session, AMAT shares have jumped nearly 6% on the strong results to $13.93.

27% profit every 20 days?

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