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(AOF) – The equipment supplier for the semiconductor sector Applied Materials has unveiled a favorable outlook. In the third quarter, which ended at the end of July, the group recorded a 6% decline in its net profit to 1.6 billion dollars, or 1.85 dollars per share. Earnings per share excluding special items came in at $1.94, 16 cents better than consensus. The turnover increased by 5% to reach the level of 6.52 billion dollars, while the market expected 6.27 billion dollars. Applied Materials was targeting 6.25 billion.

“Applied Materials achieved record quarterly revenue, but continued supply chain issues have limited our ability to meet demand, and our top priority remains increasing deliveries to our customers,” said Gary Dickerson, President and CEO.

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In the current quarter, the group is targeting adjusted earnings per share between $1.82 and $2.18 for revenues of $6.65 billion on average. Wall Street anticipates respectively 1.94 dollars and 6.57 billion dollars.

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