Investing.com - Applied Materials (NASDAQ:AMAT) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Applied Materials announced earnings per share of $1.94 on revenue of $6.12B. Analysts polled by Investing.com anticipated EPS of $1.96 on revenue of $6.38B.
Applied Materials shares are up 83% from the beginning of the year and are trading at $148.50 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 27.89% from the start of the year.
Applied Materials shares lost 6.43% in after-hours trade the report.
Applied Materials follows other major Information Technology sector earnings this month
Applied Materials's report follows an earnings matched by Apple on October 28, who reported EPS of $1.24 on revenue of $83.36B, compared to forecasts EPS of $1.24 on revenue of $85.05B.
Microsoft had beat expectations on October 26 with first quarter EPS of $2.27 on revenue of $45.32B, compared to forecast for EPS of $2.08 on revenue of $44B.
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