Investing.com -- Applied Materials delivered blowout earnings guidance Thursday after fiscal third-quarter results beat analyst estimates as the ongoing enterprise race to join the digital and AI era supported chip demand and bolstered growth.
Applied Materials Inc (NASDAQ:AMAT) rose more than 2% in after-hours trading.
Applied Materials announced adjusted EPS of $1.90 on revenue of $6.43 billion. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $6.15B.
Semiconductor systems, the company largest business, fell 1.2% to $4.68B.
Looking ahead, the company guided Q4 adjusted EPS in a range of $1.82 to $2.18 on net sales of approximately $6.51B, give or take $400M, compared with consensus estimates of $1.59 and 5.87B, respectively.