Applied Materials Inc. Bottom Line Advances 34% In Q3

(RTTNews) - Applied Materials Inc. (AMAT) revealed a profit for its third quarter that increased compared to the same period last year.

The company said its bottom line came in at $550 million, or $0.50 per share. This was up from $410 million, or $0.33 per share, in last year's third quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.3% to $2.82 billion. This was up from $2.49 billion last year.

Applied Materials Inc. earnings at a glance:

-Earnings (Q3): $550 Mln. vs. $410 Mln. last year. -Earnings Growth (Y-o-Y): 34.1% -EPS (Q3): $0.50 vs. $0.33 last year. -EPS Growth (Y-o-Y): 51.5% -Analysts Estimate: $0.48 -Revenue (Q3): $2.82 Bln vs. $2.49 Bln last year. -Revenue Change (Y-o-Y): 13.3%

-Guidance: Next quarter EPS guidance: $0.61 to $0.69