Applied Materials (AMAT) Tops Q2 EPS by 2c; Boosts Q3 Outlook

Applied Materials (NASDAQ: AMAT) reported Q2 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.43 billion.

“In our second quarter we booked our highest orders in 15 years and we expect to deliver record earnings in fiscal 2016,” said Gary Dickerson, president and CEO. “We are making significant progress with our strategy in semiconductor, display and service, and have a great pipeline of differentiated products that will fuel future growth.”

GUIDANCE:

Applied Materials sees Q3 2016 EPS of $0.46-$0.50, versus the consensus of $0.36.

For earnings history and earnings-related data on Applied Materials (AMAT) click here.

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