Applied Materials Expects Q3 Net Revenue To Be Approx. $6.65B, Plus Or Minus $400M, Est $6.576B; Adj EPS Of $1.83 - $2.19, Est $1.98
Portfolio Pulse from Benzinga Newsdesk
Applied Materials (AMAT) expects Q3 net revenue to be approximately $6.65 billion, plus or minus $400 million, compared to the estimated $6.576 billion. The company also projects adjusted EPS to be between $1.83 and $2.19, against an estimated $1.98.
May 16, 2024 | 8:05 pm
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Applied Materials (AMAT) has provided a Q3 revenue forecast of $6.65 billion, plus or minus $400 million, which is slightly above the estimated $6.576 billion. The company also expects adjusted EPS to range between $1.83 and $2.19, compared to the estimated $1.98.
The revenue forecast is slightly above estimates, and the EPS range includes the estimated figure, indicating a positive outlook. This is likely to have a positive short-term impact on AMAT's stock price.
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