SAN FRANCISCO — Applied Materials Inc., the biggest supplier of equipment used to make microchips, posted a 39% rise in quarterly profit Tuesday as it saw broad-based demand and improved its profit margins.
The better-than-expected results sent shares of Applied Materials up to $15.83 in extended trading after closing at $15.69 in regular trading.
Santa Clara, Calif.-based Applied Materials said net profit in its third fiscal quarter was $512 million, or 33 cents a share, compared with $369.6 million, or 23 cents, a year earlier.
Revenue rose 56% from a year earlier to $2.54 billion.
Excluding special items, profit was $539.3 million, or 35 cents a share, compared with $237.8 million, or 14 cents, a year earlier.