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

Target Corp posts strong results in Q4: Infographic

Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus

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