Applied Materials Inc. (NASDAQ: AMAT) reported third-quarter fiscal 2024 non-GAAP earnings of $2.12 per share, which surpassed the Zacks Consensus Estimate by 5.5%. Moreover, the figure improved 12% from the year-ago quarter. Net revenues of $6.78 billion were up 5% from the year-ago quarter. The figure surpassed the  consensus estimate by 1.6%. Strong momentum in the Display and Adjacent Markets and Applied Global Services (AGS) segments was a positive. The Semiconductor Systems segment's enhanced performance contributed to the results. AMAT also experienced solid momentum across the United States, Japan, Korea, China and Southeast Asia. Shares of Applied Materials have gained 31.2% over a year, outperforming the industry's 17.4% growth. However, weak momentum across Taiwan and Europe was a major negative. Applied Materials, Inc. Price, Consensus and EPS Surprise Applied Materials, Inc. price-consensus-eps-surprise-chart | Applied Materials, Inc. Quote Segments in Detail Semiconductor Systems generated revenues worth $4.92 billion, which contributed 72.7% to its net revenues, reflecting growth of 5.3% from the year-ago quarter. The figure surpassed the Zacks Consensus Estimate by 2.3% AGS reported revenues of $1.58 billion (23.3% of net revenues), up 7.9% from the prior-year quarter. The figure surpassed the consensus estimate by 0.5%. Revenues from Display and Adjacent Markets were $251 million ...