Company news: Applied Materials (AMAT) quarterly results beat analysts’ forecasts

Applied Materials (AMAT) reported Q4 FY2023 earnings of $2.12 per share (versus $2.03 per share in Q4 FY2022), beating analysts’ consensus estimate of $1.99 per share.

The company’s quarterly revenues amounted to $6.723 bln (+3.8 % y/y), beating analysts’ consensus estimate of $6.524 bln.

The company also issued in-line guidance for Q1 FY2024, seeing EPS of $1.72-2.08 versus analysts’ consensus estimate of $1.84 and revenues of $6.07-6.87 bln versus analysts’ consensus estimate of $6.38 bln.

AMAT fell to $143.55 (-7.27%) in pre-market trading.