NEW YORK (TheStreet) -- Applied Materials (AMAT) is scheduled to release its 2015 second quarter earnings results after the market close this afternoon. Analysts are expecting the provider of manufacturing equipment, services and software to the global semiconductor and related industries to post earnings per share that are flat with the same quarter in the prior year, and a slight rise in revenue.
Shares of Applied Materials are up by 0.55% to $20.04 in mid-morning trading on Thursday.
Analysts have forecast that the company will report earnings of 28 cents per share on revenue of $2.40 billion for the quarter ended April 2015.
In the same period last year, Applied Materials said its non-GAAP adjusted earnings came in at 28 cents per share on revenue of $2.35 billion. Both figures from the 2014 second quarter had improved from the same period in the previous year.
Separately, TheStreet Ratings team rates APPLIED MATERIALS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLIED MATERIALS INC (AMAT) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow."