Applied Materials Quells Fears With Earnings Report

By | May 16, 2014

Scalper1 News

Applied Materials (AMAT) stock rose Friday after the company reported quarterly earnings late Thursday that met Wall Street estimates and eased analyst concerns about the strength of the semiconductor industry’s rebound. The largest producer of chipmaking equipment posted a 19% increase in revenue to $2.35 billion from the same quarter a year ago. That was its third quarter in a row of double-digit gains. Earnings per share minus items rose 75% to Scalper1 News

Scalper1 News