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 $2.03 on revenue of $6.75B. Analysts polled by Investing.com anticipated EPS of $1.75 on revenue of $6.45B.
Applied Materials shares are down 33% from the beginning of the year, still down 37.48% from its 52 week high of $167.06 set on January 14.
Applied Materials shares gained 2.15% in after-hours trade following the report.
Applied Materials follows other major Information Technology sector earnings this month
Applied Materials's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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