VMC - Applied Materials Posts Upbeat Earnings Joins Texas Roadhouse Vulcan Materials And Other Big Stocks Moving Higher On Friday | Benzinga
U.S. stocks were lower, with the Dow Jones index falling more than 100 points on Friday.
Shares of Applied Materials, Inc. (NASDAQ: AMAT) rose sharply in today’s session after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance.
Applied Materials reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52%. The company reported quarterly sales of $6.71 billion, beating the analyst consensus estimate of $6.48 billion by 3.55%, and representing a 0.47% decrease over sales of $6.74 billion from the same period last year.
Applied Materials shares jumped 8.3% to $203.27 on Friday.
Here are some other big stocks recording gains in today’s session.