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Investing.com - Applied Materials reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Materials announced earnings per share of $1.25 on revenue of $4.69B. Analysts polled by Investing.com EPS of $1.17 on revenue of $4.6B.
Applied Materials 's are up 14% and is trading at $71.00 , still down 8.06% from its 52 week high of $75.90 set on Monday, November 9, 2020.
Applied Materials shares gained 1.75% to trade at $71.00 in after-hours trade the report.
Applied Materials follows other major Technology sector earnings this month
Applied Materials's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of $0.73 on revenue of $64.7B, EPS of $0.71 on revenue of $63.8B.
Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of $1.82 on revenue of $37.15B, for EPS of $1.54 on revenue of $35.76B.
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