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These Analysts Boost Their Forecasts On Applied Materials After Upbeat Results
Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected financial results for the second quarter on Thursday.
Applied Materials said second-quarter revenue was flat on a year-over-year basis. The chip equipment company reported total revenue of $6.646 billion which beat the consensus estimate of $6.537 billion, according to Benzinga Pro. Applied Materials reported adjusted earnings of $2.09 per share, beating analyst estimates of $1.99 per share.
"Applied Materials continues to deliver strong performance in 2024, with fiscal second quarter revenue and earnings towards the high end of ...