Applied Materials Inc reports results for the quarter ended April 30 - Earnings Summary

• Applied Materials Inc AMAT.OQ reported quarterly adjusted earnings of $2.39​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $2.09. The mean expectation of twenty five analysts for the quarter was for earnings of $2.31 per share. Wall Street expected results to range from $2.29 to $2.36 per share.

• Revenue rose 6.8% to $7.10 billion from a year ago; analysts expected $7.13 billion.

• Applied Materials Inc's reported EPS for the quarter was $2.63​.

• The company reported quarterly net income of $2.14 billion.

• Applied Materials Inc shares had risen by 20.0% this quarter and gained 7.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

• Wall Street's median 12-month price target for Applied Materials Inc is $202.50

This summary was machine generated from LSEG data May 15 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)