Market Overview

Applied Materials Reports Q3 Earnings Beat

Share:

Applied Materials, Inc. (NASDAQ: AMAT) reported a third-quarter earnings beat on Thursday.

Adjusted earnings came in at 74 cents per share, beating estimates by 4 cents. Sales came in at $3.56 billion, beating estimates by $40 million.

"Applied Materials is delivering solid financial performance in a market environment that remains challenging for the time being," said CEO Gary Dickerson. "We are excited about the company's future opportunities and are fully funding our R&D programs to develop new products and capabilities that will accelerate customers' roadmaps and underpin our growth in the years ahead."

Highlights

  • $724 million returned to shareholders
  • Gross margin of 43.7%
  • Operating income of $820 million

Applied Materials shares traded higher by 2% to $48.11 in the after-hours session. The stock closed at $47.16 per share.

Posted-In: Gary DickersonEarnings News After-Hours Center

 

Related Articles (AMAT)

View Comments and Join the Discussion!

FDA Hopes To Spark New Anti-Smoking Labels

Trucker's Dash-Cam Video Gets Driver Fired