Investing.com - Applied Materials (NASDAQ:AMAT) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.7 on revenue of $3.54B. Analysts polled by Investing.com expected EPS of $0.67 on revenue of $3.5B. That compared to EPS of $1.22 on revenue of $4.57B in the same period a year earlier. The company had reported EPS of $0.81 on revenue of $3.75B in the previous quarter.
For the year, Applied Materials shares are up 27.24%, outperforming the Nasdaq 100 which is up 22.29% year to date.
Applied Materials follows other major Technology sector earnings this month
On Wednesday, April 24, 2019, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Apple earnings beat analyst's expectations on Tuesday, April 30, 2019, with second quarter EPS of $2.46 on revenue of $58.02B. Investing.com analysts expected EPS of $2.36 on revenue of $57.54B
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