FX.co ★ Applied Materials Inc. Profit Advances In Q2

Applied Materials Inc. (AMAT) reported improved earnings for the second quarter compared to the same period last year. The company achieved a net income of $1.72 billion, or $2.06 per share, up from $1.57 billion, or $1.86 per share, in the second quarter of the previous year.

Excluding certain items, the adjusted earnings for the period were $1.74 billion, or $2.09 per share.

Revenue for the quarter saw a slight increase of 0.3%, rising to $6.65 billion from $6.63 billion in the same quarter last year.

Here is a summary of Applied Materials Inc.'s earnings (GAAP):

- **Earnings (Q2):** $1.72 billion vs. $1.57 billion last year.

- **Earnings Per Share (EPS, Q2):** $2.06 vs. $1.86 last year.

- **Revenue (Q2):** $6.65 billion vs. $6.63 billion last year.

**Guidance for the Next Quarter:**

- **EPS:** Expected to be between $1.83 and $2.19.

- **Revenue:** Expected to range from $6.61 billion to $6.69 billion.