Applied Materials Beats Forecasts for Earnings. The Stock Is Up.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The analyst consensus for the equipment maker was for adjusted earnings per share of $1.74 for the July quarter, but the number came in at $1.90.

Applied Materials reported better than expected earnings for the July quarter, sending the stock higher in after-hours trading.

Applied Materials also forecast a range of potential revenue for the current quarter with a midpoint of $6.51 billion, compared with the consensus view of $5.87 billion. Applied Materials could beat Street estimates when the equipment maker reports earnings after the market close. “Outperformance is likely,” he wrote. “We expect the company to meet ours/consensus estimate…Applied revenue will remain substantially more buoyant than the broader” industry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Applied Materials earnings, outlook top Wall Street expectations, and stock risesApplied Materials' stock rose after hours Thursday as both earnings and outlook for the maker of semiconductor-manufacturing equipment topped Wall Street...
Source: MarketWatch - 🏆 3. / 97 Read more »