Applied Materials (AMAT) reported Q1 FY 2020 earnings of $0.98 per share (versus $0.81 per share in Q1 FY 2019), beating analysts' consensus estimate of $0.93 per share.
The company's quarterly revenues amounted to $4.162 bln (+10.9% y/y), beating analysts' consensus estimate of $4.113 bln.
The company also issued upside guidance for Q2 FY 2020, projecting EPS of $0.98-1.10 versus analysts' consensus estimate of $0.92 and revenues of $4.14-4.54 bln versus analysts' consensus estimate of $4.06 bln.
AMAT rose to $66.80 (+2.19%) in pre-market trading.