Applied Materials Q4 results beat Wall Street estimates
Investing.com — Applied Materials reported fiscal fourth results Thursday that beat analyst estimates as higher margins helped ease the impact from slowing revenue growth.
Applied Materials Inc (NASDAQ:AMAT) fell more than 5% in afterhours trading following news.
Applied Materials Q4 reported adjusted diluted EPS of $2.12, up from $2.03 from the prior year, while revenue fell to $6.72 billion from $6.75B. That was ahead of expectations for EPS of $1.99 on revenue of $6.52B.
Adjusted gross margin rose to 47.3% in Q4 from 46% a year earlier.
Looking ahead, the company forecast fiscal Q1 sales of approximately $6.47B, plus or minus $400M, and adjusted diluted EPS in the range of $1.72 to $2.08. That beat analyst estimates for EPS of $1.84 on revenue of $6.83B.
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