=Applied Materials (AMAT) reported earnings Thur 17 Aug 2017 (a/h)

Applied Materials beats by $0.03, beats on revs; guides Q4 EPS, revs above consensus

• Reports Q3 (Jul) earnings of $0.86 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.83; revenues rose 32.7% year/year to $3.74 bln vs the $3.69 bln Capital IQ Consensus.
• On a non-GAAP adjusted basis, the company increased gross margin by 2.9 points to 46.6 percent
• Co issues upside guidancefor Q4, sees EPS of $0.86-0.94, excluding non-recurring items, vs. $0.82 Capital IQ Consensus Estimate; sees Q4 revs of $3.85-4 bln vs. $3.71 bln Capital IQ Consensus Estimate.