Applied Materials (AMAT) Beats Q1 Earnings and Revenue Estimates

Applied Materials (AMAT) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +8.53%. A quarter ago, it was expected that this maker of chipmaking equipment would post earnings of $2.11 per share when it actually produced earnings of $2.17, delivering a surprise of +2.84%.Over the last fou ...