Investing.com – Applied Materials (NASDAQ:
AMAT
) reported the second quarter of the fiscal year on Thursday
Results
That beat analysts’ forecasts and provided a better outlook for the third quarter given rising chip demand.
The company ran adjusted EPS for the third quarter in a range of $ 1.70 to $ 1.82 at a About $ 5.92 billion in net sales, gave or took $ 200 million, beating consensus of $ 1.55 billion and $ 5.53 billion, respectively.
Applied Materials reported earnings per share of $ 1.63 on sales of $ 5.58 billion. Analysts polled by Investing.com expected earnings per share of $ 1.51 on sales of $ 5.4 billion.
« We are confident we can outperform our markets as big, worldly trends are sustained Creating demand for semiconductors and our leadership in materials engineering is becoming increasingly important for the provision of new chip technologies, « said the company.
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