Categories AlphaGraphs, Earnings, Technology
AMAT Earnings: Applied Materials Q1 2023 revenue and profit increase
Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher adjusted earnings and revenues for the first quarter of 2023.
Adjusted earnings of the semiconductor technology company increased to $2.03 per share in the first quarter from $1.89 per share in the same period of 2022. Net income, including special items, was $1.72 billion or $2.02 per share in the January quarter, compared to $1.79 billion or $2.0 per share last year.
Check this space to read management/analysts’ comments on quarterly earnings
There was a 7% increase in net sales to $6.74 billion during the three-month period, mainly reflecting continued strong performance by the core Semiconductor Systems segment.
“Our resilience is underpinned by our strong positions with leading customers at key technology inflections, large backlog of differentiated products, and growing service business,” said Gary Dickerson, the company’s CEO.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and