Investing.com - Applied Materials (NASDAQ:AMAT) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Materials announced earnings per share of $0.98 on revenue of $4.16B. Analysts polled by Investing.com anticipated EPS of $0.91 on revenue of $4.09B. That with comparison to EPS of $0.81 on revenue of $3.75B in the same period a year before.Applied Materials had reported EPS of $0.8 on revenue of $3.75B in the previous quarter.Analysts are expecting EPS of $0.91 and revenue of $4.05B in the upcoming quarter.
Applied Materials shares are up 7.18% from the beginning of the year and are trading at $65.42 , down-from-52-week-high.They are broadly in line with the Nasdaq which is up 7.59% year to date.
Applied Materials follows other major Technology sector earnings this month
Applied Materials's report follows an earnings beat by Apple on Tuesday, January 28, 2020, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday, January 29, 2020 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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