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Applied Materials: Q1 beats consensus

( - On Wednesday evening Applied Materials announced adjusted EPS that is up 21% at 98 cents for Q1 2019-20, i.
e. six cents above the consensus.

The equipment supplier for the semiconductor industry specifies that its adjusted operating margin edged up 1.1 point to 25.7%, for sales that are up 11% at 4.16 billion dollars.

For Q2 2019-20, the Santa Clara based group forecasts adjusted EPS of between 98 cents and 1.10 dollar, for expected sales of around 4.34 billion dollars (plus or minus 200 million dollars).

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