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

Market news

13 November 2020

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

Applied Materials (AMAT) reported Q4 FY 2020 earnings of $1.25 per share (versus $0.80 per share in Q4 FY 2019), beating analysts’ consensus estimate of $1.17 per share.

The company’s quarterly revenues amounted to $4.688 bln (+24.9% y/y), beating analysts’ consensus estimate of $4.603 bln.

The company also issued upside guidance for Q1 FY 2021, projecting EPS of $1.20-1.32 versus analysts’ consensus estimate of $1.11 and revenues of $4.75-5.15 bln versus analysts’ consensus estimate of $4.53 bln.

AMAT rose to $71.89 (+2.99%) in pre-market trading.

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