Applied Materials posts higher quarterly profit
May 16, 2006 15:21:12 (ET)
SAN FRANCISCO, May 16 (Reuters) - Applied Materials Inc. (AMAT,Trade) posted a higher quarterly profit on Tuesday as the world's top supplier of equipment for making microchips saw revenue jump by one-fifth.
Net profit for its second quarter ended April 30 was $413 million, or 26 cents per share, compared with $305 million, or 18 cents per share, a year earlier.
Excluding special items such as stock-based compensation, the company earned $453.3 million, or 29 cents per share, compared with $304.8 million, or 18 cents per share a year earlier.
The company had been expected to earn 23 cents per share, including 2 cents of stock-based compensation, according to the average forecast on Reuters Estimates.
Revenue was $2.25 billion, up 21 percent from the $1.86 billion a year earlier. Analysts had expected revenue to be $2.14 billion. |
