Investing.com - Applied Materials (NASDAQ:AMAT) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.81 on revenue of $3.75B. Analysts polled by Investing.com forecast EPS of $0.79 on revenue of $3.73B. That compared to EPS of $1.06 on revenue of $4.2B in the same period a year earlier. The company had reported EPS of $0.97 on revenue of $4.01B in the previous quarter.
Applied Materials shares lost 1.74% to trade at $40.00 in after-hours trade following the report.
Applied Materials follows other major Technology sector earnings this month
On January 24, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.
Cisco earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.73 on revenue of $12.45B. Investing.com analysts expected EPS of $0.72 on revenue of $12.41B
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