Applied Materials Inc. Q3 adjusted earnings of $0.74 per share

(RTTNews) - Applied Materials Inc. (AMAT) released a profit for third quarter that decreased from last year.

The company's earnings totaled $571 million, or $0.61 per share. This compares with $1016 million, or $1.01 per share, in last year's third quarter.

Excluding items, Applied Materials Inc. reported adjusted earnings of $692 million or $0.74 per share for the period.

The company's revenue for the quarter fell 14.4% to $3.56 billion from $4.16 billion last year.

Applied Materials Inc. earnings at a glance:

-Earnings (Q3): $692 Mln. vs. $1048 Mln. last year. -EPS (Q3): $0.74 vs. $1.04 last year. -Revenue (Q3): $3.56 Bln vs. $4.16 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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