Applied Materials, Inc. announced a net income of $1.7 billion in the third quarter, up from $841 million in the same period of last year, according to the company’s press release.
- The company’s net income for the nine months to August 1 increased to $4.2 billion, from $2.4 billion for the same period to July 26 of 2020.
- Applied Materials, Inc.’s net sales jumped to a record $6.2 billion in the third quarter, from $4.4 billion in the corresponding period of last year.
- The company’s net sales increased to $16.9 billion in the nine months ended August 1, as compared to $12.5 billion in the same period to July 26 in 2020.
- Applied returned $1.5 billion in share buybacks, and $219 million were paid as dividends during the third quarter.
The California-based manufacturing company expects $6.33 billion in net sales for the fourth quarter, with a $250 million margin of error, while EPS is expected to be between $1.87 to $2.01.
AMAT: NASDAQ is down -2.03% on pre-market