Applied Materials posted results that easily exceeded analysts' expectations and boosted guidance for the current quarter.
The semiconductor firm reported fiscal second-quarter earnings of 22 cents a share, excluding one-time items. Applied Materials reported a loss of 12 cents a share during the same period a year earlier.
Sales for the most recent quarter rose to $2.3 billion, up from $1.02 billion last year.
The company was seen earning 21 cents a share on revenue of $2.24 billion, according to a consensus estimate from Thomson Reuters.
Applied Materials boosted its revenue guidance for the current quarter to between 22 cents a share and 26 cents a share, excluding one-time items. Analysts' earlier per-share consensus stood at 20 cents.