Applied Materials, Inc AMAT stock declined on Friday after the company reported upbeat third-quarter earnings on Thursday.
Semiconductor-equipment maker Applied Materials Inc. is well positioned after reporting better-than-expected third-quarter results Thursday, analysts say.
NEW YORK, NY / ACCESSWIRE / August 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Applied Materials, Inc. ("Applied Materials") (NASDAQ:AMAT) concerning possible violations of federal securities laws. On February 27, 2024, Reuters reported that Applied Materials had received a subpoena from both the SEC and U.S. Attorney's Office for the District of Massachusetts related to China shipments and requested information concerning certain federal award applications.
Applied Materials' (AMAT) third-quarter fiscal 2024 results benefit from the solid momentum in the AGS, Semiconductor Systems and Display segments.
NEW YORK, NY / ACCESSWIRE / August 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Applied Materials, Inc. ("Applied Materials") (NASDAQ:AMAT) concerning possible violations of federal securities laws. On February 27, 2024, Reuters reported that Applied Materials had received a subpoena from both the SEC and U.S. Attorney's Office for the District of Massachusetts related to China shipments and requested information concerning certain federal award applications.
RADNOR, PA / ACCESSWIRE / August 15, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Applied Materials, Inc. (NASDAQ:AMAT) ("Applied Materials"). On November 16, 2023, Reuters reported that Applied Materials was under criminal investigation by the U.S. Justice Department for potentially evading export restrictions on China's top chipmaker, SMIC.
Applied Materials, Inc. (NASDAQ:AMAT ) Q3 2024 Earnings Conference Call August 15, 2024 4:30 PM ET Company Participants Michael Sullivan - Corporate Vice President Gary Dickerson - President & Chief Executive Officer Brice Hill - Chief Financial Officer Conference Call Participants CJ Muse - Cantor Fitzgerald Stacy Rasgon - Bernstein Research Srini Pajjuri - Raymond James Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Krish Sankar - TD Cowen Joseph Moore - Morgan Stanley Joe Quatrochi - Wells Fargo Toshiya Hari - Goldman Sachs Harlan Sur - JPMorgan Charles Shi - Needham & Company Brian Chin - Stifel Blayne Curtis - Jefferies Jed Dorsheimer - William Blair Mehdi Hosseini - Susquehanna Operator Welcome to the Applied Materials Earnings Conference Call. During the presentation, all participants will be in a listen-only mode.
The Dow is the only major index to have climbed back into positive territory after the precipitous slide of the past two weeks.
Although the revenue and EPS for Applied Materials (AMAT) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Applied Materials (AMAT) came out with quarterly earnings of $2.12 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.90 per share a year ago.
Applied Materials (AMAT) posted stronger-than-expected results for the fiscal third quarter, amid a surge in demand that the company's CEO said was fueled by the race for artificial intelligence (AI) leadership.
Applied Materials beat estimates for its fiscal third quarter and guided slightly higher than views for the current period.