Applied Materials Beats Street, 3Q View Tops Consensus -- Market Talk

Features Dow Jones Newswires

16:49 ET - Applied Materials (AMAT) posts a stronger-than-expected 2Q. AMAT, which makes the expensive equipment used to produce semiconductors as well as displays for TVs and smartphones, posts adjusted EPS of 79c on $3.55B in revenue, better than the 76c and $3.54B expected by analysts surveyed by Thomson Reuters. For the current period, the company expects adjusted EPS of 79c-87c on revenue in the range of $3.6B-$3.75B, also topping consensus. AMAT shares up 3% to $45.17 after-hours, and up 36% YTD through the close of the regular session. (ezequiel.minaya@wsj.com)

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(END) Dow Jones Newswires

May 18, 2017 17:04 ET (21:04 GMT)