Applied Materials Reports Q4 Results

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 expectations.

Applied Materials Inc (NASDAQ: AMAT) saw a 4% decline in after-hours trading following the report.

The company announced adjusted Q4 earnings per share (EPS) of $2.32 on revenue of $7.05 billion. Analysts polled by Investing.com had estimated EPS of $2.19 on revenue of $6.96 billion.

Q1 Outlook

Looking ahead to Q1, Applied Materials forecasted adjusted diluted EPS of $2.29, with a margin of $0.18, on revenue of about $7.15 billion, plus or minus $400 million. This compares to estimates of adjusted EPS of $2.27 on revenue of $7.23 billion.