Market news
19.02.2021, 11:32

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

Applied Materials (AMAT) reported Q1 FY 2021 earnings of $1.39 per share (versus $0.98 per share in Q1 FY 2020), beating analysts’ consensus estimate of $1.28 per share.

The company’s quarterly revenues amounted to $5.162 bln (+24.0% y/y), beating analysts’ consensus estimate of $4.967 bln.

The company also issued upside guidance for Q2 FY 2021, projecting EPS of $1.44-1.56 versus analysts’ consensus estimate of $1.28 and revenues of $5.37-5.41 bln versus analysts’ consensus estimate of $4.97 bln.

AMAT rose to $119.00 (+4.91%) in pre-market trading.

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