Investing.com - Applied Materials (NASDAQ:AMAT) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Applied Materials announced earnings per share of $0.89 on revenue of $3.96B. Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $4.12B. That with comparison to EPS of $0.7 on revenue of $3.54B in the same period a year before.Applied Materials had reported EPS of $0.98 on revenue of $4.16B in the previous quarter.Analysts are expecting EPS of $0.94 and revenue of $4.13B in the upcoming quarter.
Applied Materials shares are down 10% from the beginning of the year and are trading at $54.51 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 3.32% year to date.
Applied Materials follows other major Technology sector earnings this month
Applied Materials's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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