By Yasin Ebrahim
Investing.com – Applied Materials (NASDAQ:) reported Thursday third-quarter as the ongoing digital transformation of the economy continued to stoke chip demand.
Applied Materials announced earnings per share of $1.90 on revenue of $6.20 billion. Analysts polled by Investing.com anticipated EPS of $1.77 on revenue of $5.94 billion.
Semiconductor systems, the company largest business, jumped 53% to $4.45 billion.
In net sales by segment: Semiconductor systems, $4.45 billion (up 53%); Applied Global Services, $1.29 billion (up 24%); Display and Adjacent Markets, $431 million (up 1.4%).
Looking ahead, the company guided Q4 adjusted EPS in a range of $1.87 to $2.01 on net sales of approximately $6.33B, give or take $250M, compared with consensus estimates of $1.81 and $6.02B, respectively.
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