Investing.com -- Applied Materials reported upbeat earnings guidance for the current quarter Thursday after fiscal third-quarter results topped Wall Street estimates.
Fro three months ended Jul. 28, the chip maker reported adjusted diluted earnings per share of $2.05, up from $1.85 from the prior year, while revenue rose to $6.78 billion from $6.43B. That was ahead of analyst expectations for EPS of $2.02 on revenue of $6.54B. Looking ahead to fiscal Q4, the company sees non-GAAP diluted EPS in the range of $2.00 to $2.36, or $2.18 at the midpoint, on revenue of $6.93B, plus or minus $400M. That compared with estimates for adjusted EPS of $2.14 on revenue of $6.92B.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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