Semiconductor know-how firm Utilized Supplies, Inc. (NASDAQ: AMAT) on Thursday reported larger earnings for the third quarter of 2022, aided by a 5% improve in gross sales. The outcomes additionally surpassed analysts’ estimates.
Adjusted internet earnings elevated to $1.94 per share within the third quarter from $1.90 per share in the identical interval of 2021. The most recent quantity additionally beat consensus estimates. Internet earnings, together with particular objects, was $1.61 billion or $1.85 per share within the July quarter, in comparison with $1.72 billion or $1.87 per share final yr.
Examine this area to learn administration/analysts’ feedback on Utilized Supplies’ Q3 earnings
There was a 5% improve in internet gross sales to $6.52 billion, primarily reflecting continued sturdy efficiency by the core Semiconductor Methods phase that accounts for about three-fourths of complete gross sales. Analysts have been searching for slower top-line progress.
“We really feel assured in our potential to navigate macroeconomic headwinds and stay very constructive concerning the long-term power of the semiconductor market and our outsized progress alternatives,” stated Gary Dickerson, the corporate’s CEO.
