Adobe Ropes In Applied Materials CFO, Applied Appoints Interim Chief

Applied Materials Inc AMAT announced that Dan Durn, Senior Vice President and Chief Financial Officer (CFO), will exit the company on October 15 to become the CFO at Adobe Inc ADBE.
Former Applied Materials CFO Bob Halliday was appointed interim CFO and will serve until the appointment of a permanent CFO.
Applied's Q4 FY21 guidance remained unchanged.
Applied Materials sees Q4 net sales of $6.08 billion - $6.58 billion above the $6.04 billion consensuses. It sees an adjusted EPS outlook of $1.87 - $2.01 above the consensus of $1.81.
Price Action: AMAT shares traded higher by 0.43% at $129.28 in the premarket session on the last check Friday.