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%.
This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.
Better-than-expected US Unemployment Claims
Baidu posts better-than-expected Q3 figures