Benzinga | May 20, 2021 04:01PM EDT

Applied Materials Q2 Adj. EPS $1.63 Beats $1.51 Estimate, Sales $5.58B Beat $5.41B Estimate

Applied Materials (NASDAQ:AMAT) reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.51 by 7.95 percent. This is a 83.15 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $5.58 billion which beat the analyst consensus estimate of $5.41 billion by 3.14 percent. This is a 41.02 percent increase over sales of $3.96 billion the same period last year.