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

Market news

20 August 2021

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

Applied Materials (AMAT) reported Q3 FY 2021 earnings of $1.90 per share (versus $1.06 per share in Q3 FY 2020), beating analysts’ consensus estimate of $1.78 per share.

The company’s quarterly revenues amounted to $6.196 bln (+41.0% y/y), beating analysts’ consensus estimate of $5.919 bln.

AMAT fell to $127.77 (-1.11%) in pre-market trading.

USD/CNH now faces resistance at 6.5180 - UOB

USD/CNY to advance nicely towards 6.70 in the next months – Danske Bank

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