Applied Materials Zacks Bull Of The Day

Applied Materials (AMAT) reported strong results for its second quarter.

Applied Materials is a global leader in semiconductor equipment sales. It

The company beat on both the top and bottom lines.

Net sales increased by 45% year-over-year to $3.55 billion.  Meanwhile the company’s operating margin increased by 9.2 points to 26.5%.

In addition, the company returned $390 million to shareholders via buybacks and cash dividends during the quarter.

“Applied Materials delivered the highest quarterly revenue and earnings in our history, and we’ve now set new earnings records for four quarters in a row,” said the CEO.

For the current quarter, #Applied Materials expects revenues to be between $3.60 and $3.75 billion.  And non-GAAP EPS between 79 and 87 cents.

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