Applied Materials (NASDAQ: AMAT) reported fourth-quarter 2020 financial results after the closing bell on Thursday. The manufacturing giant reported Q4 revenue of $4.69 billion, up 25% year-over-year and higher than the Wall Street projection. Net income of $1.25 per share was much better than what analysts had anticipated.
AMAT shares rose 2.7% immediately following the announcement. The stock has gained 13% since the beginning of this year.
The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,
Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a
Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss