Categories AlphaGraphs, Earnings, Technology
Earnings: Applied Materials (AMAT) Q2 profit, revenue increase
Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher earnings and revenues for the second quarter of 2022. However, the results missed analysts’ estimates.
Adjusted net income increased to $1.85 per share in the second quarter from $1.63 per share in the same period of 2021. The latest number missed consensus estimates. Net income, including special items, was $1.54 billion or $1.74 per share in the April quarter, compared to $1.33 billion or $1.43 per share last year.
Check this space to read management/analysts’ comments on Applied Materials’ Q2 earnings
The positive bottom-line performance reflects a 12% increase in revenues to $6.25 billion, with the core Semiconductor Systems segment accounting for nearly three-fourths of total sales. Analysts were looking for faster top-line growth.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to