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Benzinga
Benzinga
Business
Henry Khederian

Why Applied Materials Shares Are Rising

Applied Materials Applied

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading higher after the company reported better-than-expected first-quarter EPS and sales results and issued second-quarter guidance.

Applied Materials reported quarterly earnings of $1.89 per share which beat the analyst consensus estimate of $1.85. The company also reported quarterly sales of $6.27 billion which beat the analyst consensus estimate of $6.16 billion by 2%. This is a 21% increase over sales of $5.16 billion the same period last year.

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