Why Applied Materials Stock Is Trading Higher Today

Applied Materials AMAT shares are trading higher after the company reported better-than-expected third-quarter EPS and sales results. The company also issued EPS and sales guidance above analyst estimates.

"Thanks to the hard work and agility of our employees and suppliers, Applied Materials is operating at pre-COVID levels of productivity and delivering outstanding financial results," said Gary Dickerson, president and CEO.

Applied Materials is one of the world's largest suppliers of semiconductor manufacturing equipment, providing materials engineering solutions to help make nearly every chip in the world. 

Applied Materials was trading 4.54% higher at $68.02 at time of publication. The stock has a 52-week high of $69.90 and a 52-week low of $36.64.