Investing.com - Applied Materials (NASDAQ:AMAT) reported third quarter earnings that beat analyst's expectations on Thursday and reported revenue that topped forecasts.
The firm reported earnings per share of $1.2 on revenue of $4.47B. Analysts polled by Investing.com forecast EPS of $1.17 on revenue of $4.43B. That compared to EPS of $0.86 on revenue of $3.74B in the same period a year earlier.
The company had reported EPS of $1.22 on revenue of $4.57B in the previous quarter.
Applied Materials shares gained 0.17% to trade at $47.43 in after-hours trade following the report.
For the year, Applied Materials shares are down 8.22%, under-performing the Nasdaq which is up 12.52% year to date.
Applied Materials follows other major Technology sector earnings this month
On July 31, Apple (NASDAQ:AAPL) reported third quarter EPS of 2.34 on revenue of 53.27B, compared to forecasts of EPS of 2.16 on revenue of 52.3B.
Alphabet (NASDAQ:GOOGL) C earnings beat analyst's expectations on July 23, with second quarter EPS of 11.75 on revenue of 26.24B. Investing.com analysts expected EPS of 9.64 on revenue of 25.58B