Applied Materials Sees 4Q Adjusted Profit of at Least $1.11 a Share
August 13 2020 - 5:07PM
Dow Jones News
By Micah Maidenberg
Applied Materials Inc. said Thursday it expects to generate $4.6
billion in sales at the midpoint during its fiscal fourth quarter,
as well as an adjusted profit in the range of $1.11 to $1.23 a
share.
Sales for the fiscal third quarter that ended July 26 were up
23% year over year to more than $4.39 billion. Its adjusted
earnings for the period amounted to $1.06 a share, beating
expectations.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
August 13, 2020 16:52 ET (20:52 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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