Bulletin
Investor Alert

New York Markets After Hours

Market Pulse Archives

Aug. 14, 2020, 12:10 p.m. EDT · CORRECTED

Applied Materials stock rises on earnings, outlook beat

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Applied Materials Inc. (AMAT)

or Cancel Already have a watchlist? Log In

By Wallace Witkowski

AMAT

Clarifies that earnings are adjusted for the income tax effect of stock-based compensation rather than stock-based compensation.

Applied Materials Inc. /zigman2/quotes/209393259/composite AMAT -1.11% shares ticked higher in the extended session Thursday after the chip-maker supplier's results and outlook topped Wall Street estimates. Applied Materials shares rose 1.8% after hours, following a 2.2% decline in the regular session to close at $65.07. The company reported fiscal third-quarter net income of $841 million, or 91 cents a share, compared with $571 million, or 61 cents a share, in the year-ago period. Adjusted earnings, which exclude the income tax effect of stock-based compensation and other items, were $1.06 a share, compared with 74 cents a share in the year-ago period. Revenue rose to $4.4 billion from $3.56 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 95 cents a share on revenue of $4.19 billion. Applied Materials expects adjusted earnings of $1.11 to $1.23 a share on revenue of $4.4 billion to $4.8 billion for the fourth quarter, while analysts had forecast earnings of $1.03 a share on revenue of $4.36 billion.

/zigman2/quotes/209393259/composite
US : U.S.: Nasdaq
$ 57.25
-0.64 -1.11%
Volume: 8.79M
Sept. 23, 2020 4:00p
P/E Ratio
16.63
Dividend Yield
1.54%
Market Cap
$52.87 billion
Rev. per Employee
$800,095
loading...

Get news alerts on Applied Materials Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.