Investing.com - Applied Materials (NASDAQ:AMAT) reported fourth quarter earnings that matched analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.97 on revenue of $4.01B. Analysts polled by Investing.com forecast EPS of $0.97 on revenue of $4B. That compared to EPS of $0.93 on revenue of $3.97B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $4.47B in the previous quarter.
Applied Materials shares lost 6.91% to trade at $32.60 in after-hours trade following the report.
For the year, Applied Materials shares are down 31.49%, under-performing the S&P 500 which is up 1.73% year to date.
Applied Materials follows other major Technology sector earnings this month
On Thursday, November 1, 2018, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.
Microsoft earnings beat analyst's expectations on Wednesday, October 24, 2018, with first quarter EPS of $1.14 on revenue of $29.08B. Investing.com analysts expected EPS of $0.96 on revenue of $27.88B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar