Applied Materials Inc. (AMAT) released its fourth-quarter earnings report, revealing a decline in profit compared to the previous year; however, it surpassed analysts' expectations.
The firm reported earnings of $1.73 billion or $2.09 per share, a decrease from $2.00 billion or $2.38 per share in the corresponding quarter of the prior year. On an adjusted basis, earnings stood at $1.92 billion or $2.32 per share.
According to data collected by Thomson Reuters, analysts had anticipated the company to post earnings of $2.19 per share, excluding special items.
In terms of revenue, the company achieved a 4.8% increase, reaching $7.045 billion compared to $6.723 billion the previous year.
Key financial highlights for the quarter include:
- Earnings (Q4): $1.73 billion, down from $2.00 billion last year.
- Earnings per share (EPS) (Q4): $2.09, compared to $2.38 last year.
- Revenue (Q4): $7.045 billion, up from $6.723 billion last year.
**Outlook:**
- Expected EPS for the next quarter: $2.11 - $2.47
- Anticipated revenue for the next quarter: $6.750 billion - $7.550 billion
