Categories AlphaGraphs, Earnings, Technology

Applied Materials (AMAT) tops Q3 2020 targets; provides Q4 outlook

Applied Materials’ (NASDAQ: AMAT) earnings and revenue for the third quarter exceeded the market’s views. Adjusted EPS of $1.06 and revenue of $4.40 billion in Q3, grew 43% and 23%, respectively and beat the consensus targets. AMAT stock rose about 1% in the after-market hours.

Applied Materials (AMAT) Q3 2020 Earnings Infograph

On a GAAP basis, earnings grew 49% to $0.91 per share. The company returned $402 million to shareholders including $200 million in share repurchases and dividends of $202 million.

The Santa Clara, California-based semiconductor firm expects sales in the fourth quarter of 2020 to be approximately $4.60 billion, plus or minus $200 million. Non-GAAP EPS is expected to be in the range of $1.11 to $1.23.

AMAT stock had advanced 7% since the beginning of this year and 35% in the last 12 months.

Looking forward to read what management and analysts discuss on quarterly results? Stay tuned here for Applied Materials Q3 2020 earnings call transcript

Most Popular

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

Target (TGT): A look at some of the challenges faced by the retailer in 3Q24

Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top