Applied Materials Earnings, Revenue Miss in Q2
2022.05.19 23:16
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect Applied Materials Earnings, Revenue Miss in Q2
Investing.com – Applied Materials (NASDAQ:AMAT) reported on Thursday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Applied Materials announced earnings per share of $1.85 on revenue of $6.25B. Analysts polled by Investing.com anticipated EPS of $1.9 on revenue of $6.35B.
Applied Materials shares are down 29% from the beginning of the year, still down 33.71% from its 52 week high of $167.06 set on January 14. They are under-performing the Nasdaq which is down 27.21% from the start of the year.
Applied Materials shares lost 4.87% in after-hours trade following the report.
Applied Materials follows other major Information Technology sector earnings this month
Applied Materials’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
