Applied Materials Drops in After-Hours Trading Amid Slight Earnings Beat
$Applied Materials (AMAT.US)$ shares fell 1.4% in extended trading after the semiconductor company reported fiscal third quarter adjusted earnings and revenue that slightly beat estimates, while providing outlook that matched Wall Street's forecast.
In the three months ended July 28, adjusted earnings rose 12% to $2.12 a share, exceeding Bloomberg consensus that called for $2.03. Net revenue rose 5% to $6.778 billion, beating analysts' average estimate of $6.676 billion.
In the three months ended July 28, adjusted earnings rose 12% to $2.12 a share, exceeding Bloomberg consensus that called for $2.03. Net revenue rose 5% to $6.778 billion, beating analysts' average estimate of $6.676 billion.
For the fiscal fourth quarter, Applied Materials sees revenue of about $6.93 billion, plus or minus $400 million. That meets the average of estimates compiled by Bloomberg. Adjusted EPS are seen ranging from $2 to $2.36, the midpoint of which is broadly in line with estimates.
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Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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74483586 : did you buy this![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
72664300 74483586 : Huh
Gary999LOK : Everything are over prediction but price fall … what can we do?
74483586 Gary999LOK : pray, and God will help
BuyHighSellLow2003 : Why did it drop despite reporting earnings higher than the estimate?
Luzi Ann Santos OP BuyHighSellLow2003 : Other semiconductor stocks that reported blew past their estimates. AMAT is just slightly ahead.