Applied Materials Beats Earnings. Stock Rises.

Applied Materials reported better-than-expected earnings for its fiscal first quarter, sending the stock higher in after-hours trading.

The chip equipment maker reported adjusted earnings of $2.03 a share for the January quarter, compared with the consensus estimate of $1.93 among Wall Street analysts tracked by


FactSet


Revenue came in at $6.74 billion, slightly above analysts’ expectations of $6.7 billion.