Applied Materials (NASDAQ:AMAT)
Historical Stock Chart
1 Year : From Apr 2019 to Apr 2020
By Bowdeya Tweh
Applied Materials Inc. (AMAT) posted a weaker second-quarter profit, as semiconductor equipment suppliers continue to face weak market conditions.
The California supplier of equipment, services and software for semiconductor and display companies said Thursday its second-quarter profit was $666 million, or 70 cents a share, down from $1.1 billion, or $1.06 a share, a year earlier.
Revenue fell 23% to $3.54 billion.
Excluding items, Applied Materials' profit was 70 cents a share.
Analysts polled by FactSet had expected adjusted earnings of 66 cents a share on about $3.5 billion in revenue.
Gross margin fell to 43.2% from 44.9% a year earlier.
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(END) Dow Jones Newswires
May 16, 2019 16:24 ET (20:24 GMT)
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