Applied Materials: Fiscal Q4 Earnings Snapshot
By AP News
Published - Nov 14, 2024, 04:25 PM ET
Last Updated - Dec 16, 2024, 05:23 PM EST
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Applied Materials Inc. (AMAT) on Thursday reported fiscal fourth-quarter net income of $1.73 billion.
On a per-share basis, the Santa Clara, California-based company said it had net income of $2.09. Earnings, adjusted for one-time gains and costs, came to $2.32 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.
The maker of chipmaking equipment posted revenue of $7.05 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $6.94 billion.
