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0 -0.0027014858171994 -0.00450247636199916 -0.00900495272399817 -0.0117064385411977 -0.00495272399819898 -0.00484016208914895 -0.00472760018009907
Stock impact report

Applied Materials stock rises after earnings and revenue beat [MarketWatch]

Applied Materials, Inc. (AMAT) 
Last applied materials, inc. earnings: 2/12 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
Applied Materials stock rises after earnings and revenue beat Applied Materials AMAT, +0.39% shares rose nearly 5% in the extended session Thursday after chip and display maker beat the consensus revenue and earnings expectations. The company reported fiscal second-quarter net income of $666 million, or 70 cents a share, compared with $1.1 billion, or $1.06 a share, in the year-ago period. Adjusted for items related to acquisitions, among other things, earnings were also 70 cents a share. Revenue fell to $3.54 billion from $4.58 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 66 cents a share on revenue of $3.5 billion. For the fiscal third quarter, analysts expect adjusted earnings of 70 cents a share on sales of $3.67 billion. The company said it expects fiscal third-quarter adjusted earnings of 67 cents to 75 cents a share on sales of $3.53 billion. Applied Materials stock has fallen 25% in the past year, with the S&P 500 index SP Show less Read more
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