Applied Materials (AMAT) Tops Q1 EPS by 1c; Raises Q2 Outlook

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Go back to Applied Materials (AMAT) Tops Q1 EPS by 1c; Raises Q2 Outlook

Applied Materials Delivers Record Earnings Per Share

February 15, 2017 4:01 PM EST

   Generates record orders of $4.24 billion    Delivers record EPS of $0.65 and non-GAAP EPS of $0.67    Expects record revenue and earnings per share in the second quarter of FY2017

SANTA CLARA, Calif., Feb. 15, 2017 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its first quarter ended January 29, 2017.

First quarter new orders were $4.24 billion, up 86 percent year over year. Net sales of $3.28 billion were up 45 percent year over year.

The company recorded first quarter gross margin of 44.1 percent, up 3.5 points year over year. Operating margin grew 8.9 points... More