Investing.com - Applied Materials reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Materials announced earnings per share of $1.94 on revenue of $6.52B. Analysts polled by Investing.com EPS of $1.78 on revenue of $6.27B.
Applied Materials 's are down 31% and is trading at $111.35 , still down 35.19% from its 52 week high of $167.06 set on Friday, January 14, 2022.
Applied Materials shares gained 2.84% to trade at $111.35 in after-hours trade the report.
Applied Materials follows other major Information Technology sector earnings this month
Applied Materials's report follows an earnings beat by Apple on Thursday, July 28, 2022, who reported EPS of $1.2 on revenue of $82.96B, EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, for EPS of $2.29 on revenue of $52.38B.
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