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

Market news

13 February 2020

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

Applied Materials (AMAT) reported Q1 FY 2020 earnings of $0.98 per share (versus $0.81 per share in Q1 FY 2019), beating analysts' consensus estimate of $0.93 per share.

The company's quarterly revenues amounted to $4.162 bln (+10.9% y/y), beating analysts' consensus estimate of $4.113 bln.

The company also issued upside guidance for Q2 FY 2020, projecting EPS of $0.98-1.10 versus analysts' consensus estimate of $0.92 and revenues of $4.14-4.54 bln versus analysts' consensus estimate of $4.06 bln.

AMAT rose to $66.80 (+2.19%) in pre-market trading.

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