Applied Materials Earnings, Revenue beat in Q1 By Investing.com

Applied Materials (NASDAQ:AMAT) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Applied Materials announced earnings per share of $1.39 on revenue of $5.16B. Analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $4.97B.

Applied Materials shares are up 31% from the beginning of the year and are trading at $113.41 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 5.81% from the start of the year.

Applied Materials follows other major Technology sector earnings this month

Applied Materials’s report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar