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via finance.yahoo.comMarkets

Applied Materials posts record quarter as DRAM tool sales climb

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Applied Materials Inc. (NASDAQ:AMAT), which makes chipmaking equipment, was little changed in premarket after it reported fiscal fourth-quarter revenue up 53% to a record $10.41 billion, ahead of analysts' consensus of $10.30 billion.…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above estimates for a chipmaking equipment leader, relevant for the chip sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Fiscal fourth-quarter revenue rose 53% to a record $10.41 billion.
  2. 02Non-GAAP EPS of $4.16 beat the $4.06 estimate.
  3. 03Non-GAAP gross margin widened to 50.6% from 48.1%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Applied Materials, Inc.AMATStock380.95 USDMarket closedtoday -3.58%Positive NVIDIA CorporationNVDAStock166.19 USDMarket closedtoday -4.34%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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