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

Market news

21 May 2021

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

Applied Materials (AMAT) reported Q2 FY 2021 earnings of $1.63 per share (versus $0.89 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.51 per share.

The company’s quarterly revenues amounted to $5.582 bln (+41.1% y/y), beating analysts’ consensus estimate of $5.401 bln.

The company also issued upside guidance for Q3 FY 2021, projecting EPS of $1.70-$1.82 versus analysts’ consensus estimate of $1.55 and revenues of $5.92 bln, +/- $200 mln, equating to $5.72-$6.12 bln versus analysts’ consensus estimate of $5.52 bln.

AMAT rose to $131.81 (+1.15%) in pre-market trading.

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