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Applied Materials Earnings, Revenue Miss in Q4 -Breaking

by Mike Robinson

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© Reuters. Earnings and Revenue for Applied Materials Missed in Quarter Four

Investing.com – Applied Materials (NASDAQ) reported Thursday that the fourth quarter was below analysts’ expectations and that revenue fell short of forecasts.

Applied Materials posted earnings per share (EPS) of $1.94 on $6.12B in revenue. Investing.com polled analyst to predict EPS at $1.96 for $6.38B in revenue.

Applied Materials shares have increased 83% since the start of the year. However, they are still down 0.19% from their 52-week high of $159.00 on November 16. They outperform the, which is up 27.89% over the start of this year.

After-hours trading saw Applied Materials share prices fall by 6.43% following the news.

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

Applied Materials reported on the earnings matched by Apple, which on October 28 reported EPS at $1.24 per share on revenues of $83.36B. This compares to Apple’s forecasts of EPS at $1.24 for revenue of $85.05B.

Microsoft beat all expectations with a first quarter earnings per share of $2.27 on revenues of $45.32B. This compares to a forecast of EPS at $2.08 for revenue of $44B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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