Investing.com - Applied Materials (NASDAQ:AMAT) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Materials announced earnings per share of $1.06 on revenue of $4.40B. Analysts polled by Investing.com anticipated EPS of $0.95 on revenue of $4.18B.
Applied Materials shares are up 6% from the beginning of the year and are trading at $65.02 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 28% from the start of the year.
Applied Materials follows other major Technology sector earnings this month
Applied Materials's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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