Applied Materials Smashes Earnings, Expects To Outperform Its Peers For 2023
Portfolio Pulse from AJ Fabino
Applied Materials (AMAT) reported Q2 earnings of $2.00 per share, beating the $1.84 estimate, and revenues of $6.63 billion, surpassing the $6.38 billion estimate. The company expects to outperform its peers in the semiconductor market in 2023.
May 18, 2023 | 9:16 pm
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Applied Materials beat Q2 earnings and revenue estimates and expects to outperform its peers in the semiconductor market in 2023.
Applied Materials reported better-than-expected Q2 earnings and revenues, indicating strong financial performance. The company's positive outlook for 2023, expecting to outperform its peers in the semiconductor market, is likely to boost investor confidence and have a positive short-term impact on the stock price.
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