nvesting.com -- Applied Materials (NASDAQ:AMAT) reported fiscal fourth-quarter results that beat Wall Street estimates, but the memory chip maker's revenue guidance for the current quarter fell short of estimates.
Applied Materials Inc (NASDAQ:AMAT) fell 4% in afterhours trade following the report.
Applied Materials announced adjusted Q4 earnings per share of $2.32 on revenue of $7.05B. Analysts polled by Investing.com anticipated EPS of $2.19 on revenue of $6.96B.
Looking ahead to Q1, the company forecast adjusted diluted EPS of $2.29, give or take $0.18, on revenue of about $7.15B, plus or minus $400M. That compared with estimates for adjusted EPS of $2.27 on revenue of $7.23B.
This content was originally published on Investing.com
