Applied Materials soft revenue guidance overshadows Q4 results beat

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.

You May Also Be Interested In

• Wells Fargo cuts Netflix rating on engagement risk, weak slate
• Is the S&P 500 in an "earnings bubble"? Goldman weighs in
• QQQ crosses 50-day average for 13th time since early August