Applied Materials 3Q Guidance In Line With Estimates

Date : 05/16/2019 @ 9:49PM
Source : Dow Jones News
Stock : Applied Materials, Inc. (AMAT)
Quote : 39.5  -0.44 (-1.10%) @ 11:35PM

Applied Materials 3Q Guidance In Line With Estimates

Applied Materials, Inc. (NASDAQ:AMAT)
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   By Bowdeya Tweh 
 

Applied Materials Inc.'s (AMAT) guidance for the current quarter was in line with Wall Street forecasts.

The company said Thursday it expects third-quarter earnings excluding special items between 67 cents and 75 cents a share on sales of $3.375 billion to $3.675 billion.

Analysts polled by FactSet had expected adjusted earnings of 70 cents a share on $3.55 billion in revenue.

A year earlier Applied Materials had adjusted earnings of $1.20 a share on $4.47 billion in revenue.

Shares rose 3.7% to $43.20 in after-hours trading as the company's second-quarter results beat analysts' expectations.

 

Write to Bowdeya Tweh at bowdeya.tweh@wsj.com

 

(END) Dow Jones Newswires

May 16, 2019 16:34 ET (20:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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