Applied Materials jumps as Q3 results, guidance blow past estimates
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Applied Materials (NASDAQ:AMAT) shares rose nearly 4% in extended-hours trading on Thursday as the semiconductor capital equipment maker reported third-quarter results that handily surpassed expectations. 
For the period ending July 30, Applied Materials (AMAT) earned an adjusted $1.90 per share on $6.43B in revenue. 
Applied Materials (AMAT) said that revenue from foundry and logic accounted for 79% of quarterly sales, up from 66% in the year-ago quarter. Revenue from dynamic random access memory and flash accounted for 17% and 4%, respectively, compared to 15% and 19% in the year-ago period.
The company also generated $2.58B in cash from operations during the period.
A consensus of analysts expected Applied Materials (AMAT) will earn $1.75 per share on $6.18B in revenue.
Looking ahead, Applied (AMAT) said it expects net sales to be approximately $6.51B, plus or minus $400M in the fourth-quarter, with adjusted earnings between $1.82 and $2.18 per share.
Analysts were expecting $5.88B in revenue and $1.60 per share in adjusted earnings.
The company will host a conference call at 4:30 p.m. EST to discuss the results.

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