Applied Materials beats Q2 estimates, semiconductor sales up 42%; shares +2

18 Août, 2017, 08:25 | Author: Marc Bacque
  • Applied Materials Inc

On the books, cash, cash equivalents, and short-term investments totaled $7.23 billion at the end of the quarter, compared with $3.75 billion at the end of the previous fiscal year. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. Pinnacle Bank acquired a new position in Applied Materials during the first quarter valued at $113,000. The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.69 billion. Applied Materials, Inc. has a 52-week low of $27.26 and a 52-week high of $47.86. (NASDAQ AMAT) traded down 3.01% on Thursday, hitting $43.12.

Shares of the company rose 4.2 percent to $44.95 in extended trading on Thursday. The company has a market capitalization of $46.34 billion, a PE ratio of 17.83 and a beta of 1.82. The stock has a 50 day moving average of $44.34 and a 200-day moving average of $41.22.

Applied Materials (NASDAQ:AMAT) reports Q2 results with earnings and revenue beats with year-over-year sales growth of almost 33%.

Q4 outlook: net sales, $3.85B to $4B (consensus: $3.71B); EPS, $0.86 to $0.94 (consensus: $0.82). During the same period a year ago, the business posted $0.50 EPS. ("Applied Materials") announced its financial results for its third quarter ended July30, 2017.

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Segment sales: Semiconductor Systems, $2.5B (+42%Y/Y); Applied Global Services, $786M (+20%); Display and Adjacent Markets, $410M (+31%).

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. Applied Materials's payout ratio is 16.46%.

ILLEGAL ACTIVITY NOTICE: "Applied Materials, Inc".

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