Applied Materials Earnings: Here’s Why Investors are Selling Shares Now

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Applied Materials Inc. (NASDAQ:AMAT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.41%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Applied Materials Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 40.74% to $0.16 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Decreased 22.35% to $1.97 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Applied Materials Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.13. It beat the average revenue estimate of $1.91 billion.

Quoting Management: “For the second quarter in a row, Applied had strong order performance of over $2 billion,” said Mike Splinter, chairman and chief executive officer. “We are seeing increasing pull from some of our largest strategic customers for our key enabling technologies. We remain committed to driving profitable growth.”

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business