Applied Mat Q3 2024 Adj. EPS $2.12 Beats $2.02 Estimate, Sales $6.780B Beat $6.673B Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Materials (NASDAQ:AMAT) reported Q3 2024 adjusted EPS of $2.12, beating the estimate of $2.02. Sales were $6.780 billion, surpassing the $6.673 billion estimate and showing a 5.53% increase from the same period last year.
August 15, 2024 | 8:01 pm
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Applied Materials reported strong Q3 2024 earnings with an adjusted EPS of $2.12, beating estimates by 4.95%. Sales also exceeded expectations, reaching $6.780 billion, a 5.53% increase YoY.
The company's strong earnings and sales performance, beating analyst estimates, is likely to positively impact the stock price in the short term. The YoY sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100