-=Applied Materials (AMAT) reported earnings on Wed 12 Feb 20 (a/h)

• Feb. 10: #29; vol. 5.1M;  +9%

Applied Materials beats by $0.05, beats on revs; guides Q2 EPS above consensus, revs above consensus

Reports Q1 (Jan) earnings of $0.98 per share, $0.05 better than the S&P Capital IQ Consensus of $0.93; revenues rose 10.9% year/year to $4.16 bln vs the $4.11 bln S&P Capital IQ Consensus.

• Gross margin ticked up to 44.9% from 44.6% one yr ago.

Co issues upside guidance for Q2, sees EPS of $0.98 to $1.10 vs. $0.92 S&P Capital IQ Consensus; sees Q2 revs of $4.14 bln to $4.54 bln vs. $4.06 bln S&P Capital IQ Consensus.