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
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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.
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