Applied Materials Delivers Beat Across The Board, Issues Strong Guidance, Shares Jump
Portfolio Pulse from Adam Eckert
Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected fiscal third-quarter results, with revenue of $6.42 billion, beating the consensus estimate of $6.16 billion. The company also reported quarterly earnings of $1.90 per share, surpassing analyst estimates of $1.74 per share. The company issued strong guidance for the fourth quarter, expecting revenue of $6.51 billion and adjusted earnings between $1.82 and $2.18 per share. The news led to a 2.66% increase in the company's shares in after-hours trading.
August 17, 2023 | 8:15 pm
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POSITIVE IMPACT
Applied Materials reported strong Q3 results and issued positive Q4 guidance, leading to a rise in its stock price.
Applied Materials reported better-than-expected Q3 results and issued strong Q4 guidance, which is a positive signal to investors. This has led to an increase in the company's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100