Applied Materials (NASDAQ:AMAT) reported fourth quarter earnings that matched analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.97 on revenue of $4.01B. Analysts polled by anticipated EPS of $0.97 on revenue of $4B. That compared to EPS of $0.93 on revenue of $3.97B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $4.47B in the previous quarter.
For the year, Applied Materials shares are down 31.49%, under-performing the S&P 500 which is up 1.73% year to date.
Applied Materials follows other major Technology sector earnings this month
On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.
Microsoft earnings beat analyst's expectations on October 24, with first quarter EPS of $1.14 on revenue of $29.08B. analysts expected EPS of $0.96 on revenue of $27.88B
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