Applied Materials delivers blowout guidance as Q3 results top estimates

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Applied Materials Inc (NASDAQ:AMAT) rose more than 2% in after-hours trading.

Applied Materials announced adjusted EPS  of $1.90 on revenue of $6.43 billion. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $6.15B.

Semiconductor systems, the company largest business, fell 1.2% to $4.68B.

Looking ahead, the company guided Q4 adjusted EPS in a range of $1.82 to $2.18 on net sales of approximately $6.51B, give or take $400M, compared with consensus estimates of $1.59 and 5.87B, respectively.