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Applied Materials earnings beat diminished expectations, but stock falls as forecast comes up short
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The chip-equipment company reported profit for the fiscal first quarter of $771 million, or 80 cents a share, on sales of $3.75 billion, down from $4.2 billion a year ago. After adjustments for certain acquisition- and tax-related costs, the company claimed earnings of 81 cents a share, down from $1.06 a share a year prior
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For the fiscal second quarter, Applied Materials guided for adjusted earnings of 62 cents a share to 70 cents a share on revenue of $3.33 billion to $3.63 billion
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https://www.marketwatch.com/story/applie...2019-02-14
![[Bild: AMATc1dl1651.png]](https://finviz.com/publish/021419/AMATc1dl1651.png)
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The chip-equipment company reported profit for the fiscal first quarter of $771 million, or 80 cents a share, on sales of $3.75 billion, down from $4.2 billion a year ago. After adjustments for certain acquisition- and tax-related costs, the company claimed earnings of 81 cents a share, down from $1.06 a share a year prior
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For the fiscal second quarter, Applied Materials guided for adjusted earnings of 62 cents a share to 70 cents a share on revenue of $3.33 billion to $3.63 billion
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https://www.marketwatch.com/story/applie...2019-02-14
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