Applied Materials Q2 2024 Adj EPS $2.09 Beats $1.99 Estimate, Sales $6.646B Beat $6.537B Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Materials (NASDAQ:AMAT) reported Q2 2024 earnings per share of $2.09, surpassing the analyst estimate of $1.99. The company also reported sales of $6.646 billion, exceeding the $6.537 billion estimate. Both earnings and sales showed slight increases compared to the same period last year.
May 16, 2024 | 8:02 pm
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Applied Materials reported Q2 2024 earnings per share of $2.09, beating the analyst estimate of $1.99. Sales also exceeded expectations at $6.646 billion. Both earnings and sales showed slight year-over-year growth.
The company's earnings and sales both exceeded analyst expectations, which is generally a positive indicator for the stock price. The slight year-over-year growth further supports a positive outlook.
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IMPORTANCE 90
RELEVANCE 100