Applied Materials tops fiscal Q4 estimates

November 16, 2020
Applied Materials tops fiscal Q4 estimates

The strong demand for semiconductors helped the company deliver promising figures

The American semiconductor manufacturer - Applied Materials posted its fiscal Q4 2020 figures.

Applied Materials posted an EPS of $1.25 on revenue of $4.69 billion. Both figures topped the estimates. For the EPS, the market was looking for $1.17 and revenues of $4.6 billion. During the same quarter last year, the company had earnings of 80 cents/ share on revenues of $3.8 billion.

According to the company’s president and CEO Gary Dickerson, “demand for our semiconductor systems and services remains very strong.”

For the future, Applied Materials is looking for an EPS of $1.20 that could reach a high of $1.32. The revenue is seen at $4.95 billion.

Following the announcement, Applied Materials’ stock price gained 3.3%. In the past two weeks, the stocks surged more than 20%.


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