Earnings
Home›Earnings›Results›Applied Materials shares fall after Q3 results beat ex…
Applied Materials shares fall after Q3 results beat expectations
Even with record Q3 revenue of $9.12 billion, up 25% year over year, AMAT closed Friday down 5.1%.
Applied Materials (AMAT) logged above-average Q3 results, but its shares fell 5.12% in Friday trading as investors appeared to judge both the beat and outlook against elevated expectations, Yahoo Finance reports.
The semiconductor equipment maker reported record quarterly revenue of $9.12 billion, up 25% year over year. Within that total, core semiconductor systems rose 26.5% year over year to $7.0 billion.
The company is valued at $402.7 billion, its shares have nearly doubled this year with a 109.2% gain year to date, and it pays a 0.40% dividend with an 18.51% payout ratio.
The article also notes Applied Materials has grown revenue and earnings over the past decade, with compound annual growth rates of 12.04% for revenue and 20.41% for earnings, and that its market capitalization has increased about 12.5 times during the period.