Applied Materials Beats Street, 3Q View Tops Consensus -- Market Talk
May 18 2017 - 5:19PM
Dow Jones News
16:49 ET - Applied Materials (AMAT) posts a
stronger-than-expected 2Q. AMAT, which makes the expensive
equipment used to produce semiconductors as well as displays for
TVs and smartphones, posts adjusted EPS of 79c on $3.55B in
revenue, better than the 76c and $3.54B expected by analysts
surveyed by Thomson Reuters. For the current period, the company
expects adjusted EPS of 79c-87c on revenue in the range of
$3.6B-$3.75B, also topping consensus. AMAT shares up 3% to $45.17
after-hours, and up 36% YTD through the close of the regular
session. (ezequiel.minaya@wsj.com)
(END) Dow Jones Newswires
May 18, 2017 17:04 ET (21:04 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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