Investing.com - Applied Materials (NASDAQ:AMAT) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.74 on revenue of $3.56B. Analysts polled by Investing.com expected EPS of $0.7 on revenue of $3.52B. That compared to EPS of $1.2 on revenue of $4.47B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $3.54B in the previous quarter.
For the year, Applied Materials shares are up 44.11%, outperforming the Nasdaq which is up 19.36% year to date.
Applied Materials follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analyst's expectations on Tuesday, July 30, 2019, with third quarter EPS of $2.18 on revenue of $53.81B. Investing.com analysts expected EPS of $2.09 on revenue of $53.32B
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