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Applied Materials: beats consensus in Q2

(CercleFinance.com) - On Thursday evening, Applied Materials reported adjusted EPS that is up 54% at 1.
22 dollar for Q2 2017-18, eight cents above the consensus.

The Californian component maker for the semiconductor industry improved its adjusted operating margin by 2.4 points to 30.2%, for sales growth of 29% to just under 4.6 billion dollars.

For the current quarter, the group targets adjusted EPS of between 1.13 dollar and 1.21 dollar, with turnover of between 4.33 billion and 4.53 billion dollars, with the middle of these target ranges representing respective annual growth of 36% and 18%.


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