Applied Materials: beats consensus in Q3.

(CercleFinance.com) - On Thursday night Applied Materials announced adjusted Q3 EPS that was up 72% at 86 cents, beating by the consensus by two cents.


The US equipment and software supplier for the semi-conductor industry reported a 5.9-point improvement in its adjusted operating margin to 28.7%, on revenues that rose by a third to 3.74 billion dollars.

“With revenue and profits at all-time highs, Applied has tremendous momentum and a very positive outlook for the future,” said Gary Dickerson, president and CEO.

For Q4, the group targets adjusted EPS of between 86 cents and 94 cents, on revenues of between 3.85 billion and 4 billion dollars, respectively up 36% and 19%, in the middle of its target ranges.


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