Categories AlphaGraphs, Earnings, Technology
Applied Materials (AMAT) Earnings: Q2 profit, sales top expectations
Semiconductor equipment maker Applied Materials, Inc. (NASDAQ: AMAT) reported second-quarter 2021 earnings and sales that grew in double-digits, reflecting the stable demand conditions. The numbers also exceeded experts’ predictions.
Net sales of the Silicon Valley tech firm moved up 41% year-on-year to $5.58 billion in the second quarter, which was also above the consensus forecast.
Consequently, second-quarter adjusted earnings rose to $1.63 per share from $0.89 per share in the same period of last year. The market was looking for a smaller bottom-line number. Net income was $1.33 billion or $1.43 per share in the April quarter, compared to $755 million or $0.82 per share in the second quarter of 2020.
Read management’s’ comments on Applied Materials’ Q2 earnigs
AMAT shares declined Thursday evening soon after the announcement, after ending the regular trading session higher. The value more than doubled in the past twelve months.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
