Applied Materials Sees Q4 FY24 Revenue $6.53B-$7.33B vs $6.91B Est., Sees Q4 Non-GAAP EPS $2.00-$2.36 vs $2.14 Est.
Portfolio Pulse from Benzinga Newsdesk
Applied Materials has provided its Q4 FY24 revenue guidance in the range of $6.53 billion to $7.33 billion, compared to the estimated $6.91 billion. The company also expects its Q4 non-GAAP EPS to be between $2.00 and $2.36, against the estimated $2.14.
August 15, 2024 | 8:03 pm
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Applied Materials has provided its Q4 FY24 revenue guidance in the range of $6.53 billion to $7.33 billion, compared to the estimated $6.91 billion. The company also expects its Q4 non-GAAP EPS to be between $2.00 and $2.36, against the estimated $2.14.
The revenue and EPS guidance provided by Applied Materials is generally in line with or slightly above market expectations. This positive outlook is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100