Investing.com - Applied Materials (NASDAQ:AMAT) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Materials announced earnings per share of $1.25 on revenue of $4.69B. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $4.6B.
Applied Materials shares are up 14% from the beginning of the year and are trading at $71.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 9.47% from the start of the year.
Applied Materials shares gained 1.75% in after-hours trade the report.
Applied Materials follows other major Technology sector earnings this month
Applied Materials's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.71 on revenue of $63.8B.
Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
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