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Applied Materials: Q4 above expectations.

(CercleFinance.com) - On Thursday night, Applied Materials announced adjusted EPS that is up 63% at 91 cents for Q4 2016-17, beating the consensus by two cents.

The California supplier for the semiconductor industry has improved its adjusted operating margin by 3.5 points to 28.7%, with sales that are up 20% at nearly 4 billion dollars.

For Q1 2017-18, the group's targets adjusted EPS of between 94 cents and 1.02 dollar, along with revenues of between 4 billion and 4.2 billion dollars, with the middles of these target ranges respectively corresponding to 46% and 25% annual growth.

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