Applied Materials Inc. shares rallied in the extended session Thursday after the semiconductor materials maker topped Wall Street estimates for its earnings and outlook. Applied Materials shares surged 5.7% to $29.25 after hours. The company reported adjusted third-quarter earnings of 50 cents a share on revenue of $2.82 billion. Analysts surveyed by FactSet had forecast earnings of 48 cents a share on revenue of $2.84 billion. For the fourth quarter, Applied Materials expects adjusted earnings of 61 cents to 69 cents a share, while analysts had estimated 48 cents a share.
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