Traders Cheer Applied Materials' (AMAT) Q3 Results, Q4 Outlook
Tweet
Share
E-mail
Get Alerts AMAT Hot Sheet
Price: $459.26 -1.07%
Revenue Growth %: +51.6%
Financial Fact:
Net income: 505M
Today's EPS Names:
OCCI, ALZN, ASPU, More
Revenue Growth %: +51.6%
Financial Fact:
Net income: 505M
Today's EPS Names:
OCCI, ALZN, ASPU, More
Join SI Premium – FREE
Shares of Applied Materials (Nasdaq: AMAT) are trading slightly higher in this evening's after-hours session following better-than-expected quarterly results. The stock most recently traded at $13.67, up more than 3% from today's closing price.
Applied Materials reported breakeven Q3 earnings, topping the Street's consensus estimate by 8 cents. Sales for the quarter came in at $1.13 billion, down about 39% from the same quarter last year, but better than the $958 million analysts had been looking for.
On AMAT's conference call, execs said its sees Q4 sales up 10-20% from Q3 and Q4 EPS $0.00-$0.04, both of which are well ahead of the Street's current estimates.
Applied Materials reported breakeven Q3 earnings, topping the Street's consensus estimate by 8 cents. Sales for the quarter came in at $1.13 billion, down about 39% from the same quarter last year, but better than the $958 million analysts had been looking for.
On AMAT's conference call, execs said its sees Q4 sales up 10-20% from Q3 and Q4 EPS $0.00-$0.04, both of which are well ahead of the Street's current estimates.
You May Also Be Interested In
- Applied Materials to Host Investor Breakfast Presentation During SEMICON West
- Thor Industries (THO) Misses Q4 EPS by 13c
- MillerKnoll, Inc. (MLKN) Tops Q1 EPS by 18c ; Offers Guidance
Create E-mail Alert Related Categories
Earnings, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
