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Benzinga
Benzinga
Business
Henry Khederian

Why Applied Materials Shares Are Moving

Applied Materials Nasdaq Qualcomm

Shares of semiconductor stocks, including Applied Materials, Inc. (NASDAQ:AMAT), are trading higher in sympathy with QUALCOMM, Inc. (NASDAQ:QCOM), which reported better-than-expected second-quarter EPS and sales results.

Qualcomm reported fiscal second-quarter revenue of $11.16 billion, which beat the $10.6 billion estimate. The company reported quarterly adjusted earnings of $3.21 per share, which beat the estimate of $2.91 per share…Read More

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