Applied Mat Q2 Adj. EPS $2.00 Beats $1.84 Estimate, Sales $6.63B Beat $6.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Mat reported Q2 earnings of $2.00 per share, beating the $1.84 estimate, and sales of $6.63B, surpassing the $6.38B estimate. This represents an 8.11% increase in earnings and a 6.16% increase in sales compared to the same period last year.
May 18, 2023 | 8:01 pm
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Applied Mat's Q2 earnings and sales beat estimates, with an 8.11% increase in earnings and a 6.16% increase in sales compared to the same period last year.
Applied Mat's better-than-expected Q2 earnings and sales results are likely to have a positive short-term impact on its stock price. The 8.11% increase in earnings and 6.16% increase in sales compared to the same period last year demonstrate strong financial performance, which typically leads to increased investor confidence and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100