Applied Materials Q3 Earnings: Revenue Beat, EPS Beat, Demand Being Driven By 'Race For AI Leadership' And More
Portfolio Pulse from Adam Eckert
Applied Materials (NASDAQ: AMAT) reported strong Q3 earnings, beating both revenue and EPS estimates. The company generated $6.78 billion in revenue and $2.12 EPS, surpassing analyst expectations. Applied Materials has exceeded estimates for nine consecutive quarters. The company also provided Q4 guidance, anticipating revenue of $6.53 billion and EPS between $2 and $2.36. Despite the positive results, shares were down 0.72% in after-hours trading.
August 15, 2024 | 8:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Applied Materials reported strong Q3 earnings, beating both revenue and EPS estimates. The company has now exceeded estimates for nine consecutive quarters. Despite the positive results, shares were down 0.72% in after-hours trading.
The strong Q3 earnings report, with both revenue and EPS beating estimates, is a positive indicator for the stock. However, the slight decline in after-hours trading suggests that investors may have had higher expectations or concerns about the Q4 guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100