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Investing.com – Applied Materials reported on Thursday third-quarter results that topped expectations as higher margins helped boost performance.
Applied Materials (NASDAQ:AMAT) was up 1.3% following the report.
Applied Materials announced earnings per share of $1.06 on revenue of $4.40B. Analysts polled by Investing.com anticipated EPS of $0.95 on revenue of $4.18B.
Non-GAAP adjusted gross margin rose to 45%, up from 44%, and higher than consensus estimates of 44.6%.
Looking ahead to the fourth quarter of fiscal 2020, Applied guided net sales of approximately $4.60 billion, plus or minus $200 million. Non-GAAP adjusted diluted EPS was expected to be in the range of $1.11 to $1.23.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
