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)

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