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Investing.com - Applied Materials reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Applied Materials announced earnings per share of $1.85 on revenue of $6.25B. Analysts polled by Investing.com EPS of $1.9 on revenue of $6.35B.
Applied Materials 's are down 29% and is trading at $105.35 , still down 33.71% from its 52 week high of $167.06 set on Friday, January 14, 2022.
Applied Materials shares lost 4.87% to trade at $105.35 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, April 28, 2022, who reported EPS of $1.52 on revenue of $97.28B, EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on Tuesday, April 26, 2022 with third quarter EPS of $2.22 on revenue of $49.36B, for EPS of $2.19 on revenue of $49.02B.
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