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
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
