Applied Materials (NASDAQ:AMAT)
Historical Stock Chart
1 Year : From Apr 2019 to Apr 2020
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.
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(END) Dow Jones Newswires
May 16, 2019 16:34 ET (20:34 GMT)
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