These Analysts Boost Their Forecasts On Applied Materials After Upbeat Results
Portfolio Pulse from Avi Kapoor
Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected Q2 financial results, with revenue of $6.646 billion and adjusted earnings of $2.09 per share, both surpassing analyst estimates. The company projects Q3 revenue of $6.65 billion and adjusted earnings between $1.83 and $2.19 per share. Analysts have raised their price targets for AMAT following the results.
May 17, 2024 | 11:57 am
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Applied Materials reported better-than-expected Q2 results with revenue of $6.646 billion and adjusted earnings of $2.09 per share. The company provided a strong Q3 outlook and analysts have raised their price targets.
The better-than-expected Q2 results and strong Q3 outlook indicate positive performance. Analysts raising their price targets further supports a positive short-term impact on the stock price.
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