Investing.com – Applied Materials reported that their second quarter revenue was lower than expected and they missed analyst’s forecasts.

Applied Materials reported earnings per share at $1.85 for revenue $6.25B. Investing.com polled analysts and predicted an EPS of $1.9 for $6.35B in revenue.

Applied Materials shares fell 29% over the first of the year. They are also down 33.71% since January 14, when it hit a 52-week high at $167.06, but that was just 29%. The Nasdaq is also down by 27.21%.

Following the publication, Applied Materials shares fell by 4.87% after hours trade.

Applied Materials’ earnings are following those of other Information Technology sectors this month

Applied Materials reported on an Apple earnings beat on April 28. They reported EPS at $1.52 per share on $97.28B in revenue, versus forecasts EPS at $1.42 for revenue of $94.03B.

Microsoft beat all expectations with a third quarter earnings per share of $2.22 on $49.36B in revenue, as compared to the forecast of EPS at $2.19 for $49.02B.

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar