Applied Materials: Q3 above estimates

(CercleFinance.com) - On Thursday night Applied Materials unveiled Q3 2017-18 adjusted EPS of 1.
20 dollar, therefore beating the consensus by three cents.

The California semiconductor component maker improved its adjusted operating margin by a half a point to 29.2%, for revenues that were up 19% at 4.47 billion dollars.

“While we have seen some near-term adjustments in customer spending, fiscal 2018 is on track to be another record-setting year for Applied Materials and we expect each of our major businesses to deliver strong double-digit growth,” said Gary Dickerson, president and CEO.



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