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

Market news

14 August 2020

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

Applied Materials (AMAT) reported Q3 FY 2020 earnings of $1.06 per share (versus $0.74 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.95 per share.

The company’s quarterly revenues amounted to $4.395 bln (+23.4% y/y), beating analysts’ consensus estimate of $4.169 bln.

The company also issued upside guidance for Q4 FY 2020, projecting EPS of $1.11-1.23 versus analysts’ consensus estimate of $1.02 and revenues of $4.40-4.80 bln versus analysts’ consensus estimate of $4.35 bln.

AMAT rose to $67.04 (+3.03%) in pre-market trading.

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