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Semiconductor expertise firm Utilized Supplies, Inc. (NASDAQ: AMAT) on Thursday reported increased earnings for the third quarter of 2022, aided by a 5% enhance in gross sales. The outcomes additionally surpassed analysts’ estimates.
Adjusted web 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. Web 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% enhance in web gross sales to $6.52 billion, primarily reflecting continued sturdy efficiency by the core Semiconductor Programs phase that accounts for about three-fourths of whole gross sales. Analysts had been in search of slower top-line progress.
“We really feel assured in our capability to navigate macroeconomic headwinds and stay very optimistic concerning the long-term energy of the semiconductor market and our outsized progress alternatives,” mentioned Gary Dickerson, the corporate’s CEO.
Prior Efficiency
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