Chip equipment maker Applied Materials (AMAT) this evening reported fiscal Q1 revenue and earnings per share the topped analysts’ estimates, and offered a Q2 view that beat as well.
Revenue in the three months ended in January fell to $1.57 billion, yielding EPS of 6.
Analysts had been modeling $1.56 billion and 3 cents per share.
For the current urgent, the company sees revenue rising 15% to 25% from last quarter’s level, or $1.81 billion to $1.96 billion, and EPS in a range of 9 cents to 15 cents. That is better than the consensus view for $1.81 billion and 11 cents a share.
Applied management will host a conference call with analysts at 4:30 pm, Eastern time, and you can catch the webcast of it here.
Applied shares are up 42 cents, or 3%, at $14.19 in late trading.
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