Applied Materials 3Q Guidance In Line With Estimates
May 16 2019 - 4:49PM
Dow Jones News
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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