Company News: Applied Materials (AMAT) quarterly results beat analysts’ estimates

Market news

15 November 2019

Company News: Applied Materials (AMAT) quarterly results beat analysts’ estimates

Applied Materials (AMAT) reported Q4 FY 2019 earnings of $0.80 per share (versus $0.97 in Q4 FY 2018), beating analysts’ consensus estimate of $0.76.

The company’s quarterly revenues amounted to $3.754 bln (-0.1% y/y), beating analysts’ consensus estimate of $3.683 bln.

The company also issued upside guidance for Q1 FY 2020, projecting EPS of $0.87-0.95 vs. analysts’ consensus estimate of $0.75 and revenues of $3.95-4.25 bln vs. analysts’ consensus estimate of $3.71 bln.

AMAT rose to $60.00 (+5.34%) in pre-market trading.

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