Loading...
Loading...
Applied Materials
AMAT reported a 71% drop in its fiscal first-quarter profit.
Applied Materials' quarterly profit fell to $34 million, or $0.03 per share, from $117 million, or $0.09 per share, in the year-ago period. Excluding one-time items, its earnings declined to $0.06 from $0.18 per share.
Its revenue fell 28% to $1.57 billion. Applied Materials in November expected earnings of break-even to $0.06 per share and revenue of $1.4 billion to $1.65 billion.
Its gross margin rose to 37% from 35.9%.
Applied Materials expects current-quarter earnings of $0.09 to $0.15 per share and revenue of $1.81 billion to $1.97 billion. However, analysts expected earnings of $0.11 per share on revenue of $1.8 billion.
Applied Materials shares gained 2.76% to $14.15 in after-hours trading.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in