Applied Materials (AMAT) reported fiscal Q1 non-GAAP earnings late Thursday of $2.38 per diluted share, up from $2.13 a year earlier.
Analysts polled by FactSet expected $2.28.
Revenue for the quarter ended Jan. 26 was $7.17 billion, up from $6.71 billion a year earlier.
Analysts surveyed by FactSet expected $7.15 billion.
The company said it expects fiscal Q2 non-GAAP diluted EPS of $2.30, plus or minus $0.18, on revenue of $7.10 billion, plus or minus $400 million. Analysts surveyed by FactSet expect $2.29 and $7.21 billion, respectively.
Shares of the company were down 3.6% in recent after-hours activity.
Price: 177.70, Change: -6.57, Percent Change: -3.57
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