Applied Mat Q3 EPS $1.90 Beats $1.74 Estimate, Sales $6.42B Beat $6.16B Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Mat reported Q3 earnings of $1.90 per share, beating the analyst consensus estimate of $1.74 by 9.2%. However, this is a 2.06% decrease from the same period last year. The company also reported quarterly sales of $6.42 billion, surpassing the analyst consensus estimate of $6.16 billion by 4.3%, but marking a 1.46% decrease from the same period last year.
August 17, 2023 | 8:03 pm
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Applied Mat's Q3 earnings and sales exceeded analyst estimates, but both are slightly down from the same period last year.
While Applied Mat beat analyst estimates for both earnings and sales, the slight decrease in both compared to the same period last year may cause some investor concern, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100