Applied Materials, a semiconductor manufacturing equipment manufacturer, released its financial report on February 18 local time, showing that its revenue for the first quarter (last quarter) ending at the end of January was US$5.16 billion, a year-on-year increase of 24%, which was better than analysts' expectations.
Gary Dickerson, CEO of Applied Materials, said: "We saw continued demand growth in the semiconductor sector last quarter, with overall economic and industry trends driving semiconductor consumption in multiple markets and applications. The company has strong momentum thanks to its broad product portfolio and the impact of technological innovation."
In addition, Applied Materials forecast second-quarter revenue of $5.39 billion and adjusted earnings per share of $1.44 to $1.56, better than the market expectation of $1.27.
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