Applied Mat: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Applied Mat (NASDAQ: AMAT) reported Q2 earnings with an EPS of $2.0, beating estimates by 8.7%. Revenue was up $385 million YoY. Last quarter, the company beat EPS estimates by $0.1, followed by a 0.04% increase in share price the next day.
May 18, 2023 | 8:10 pm
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Applied Mat's Q2 earnings beat estimates with an EPS of $2.0, an 8.7% increase. Revenue was up $385 million YoY. Last quarter, beating EPS estimates led to a 0.04% share price increase.
Applied Mat's Q2 earnings beat estimates by 8.7%, which is a positive signal for investors. The company's revenue also increased by $385 million YoY. In the past, beating EPS estimates has led to a share price increase, as seen last quarter with a 0.04% increase the day after earnings. This suggests a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100