Investing.com - Applied Materials (NASDAQ:AMAT) 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 anticipated EPS of $1.17 on revenue of $4.6B.
Applied Materials shares are up 14% from the beginning of the year, still down 8.06% from its 52 week high of $75.90 set on November 9. They are under-performing the Nasdaq 100 which is up 35.43% from the start of the year.
Applied Materials shares gained 1.75% in after-hours trade following the report.
Applied Materials follows other major Technology sector earnings this month
Applied Materials's report follows an earnings beat by Apple on October 29, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.71 on revenue of $63.8B.
Microsoft had beat expectations on October 27 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar