Applied Materials (AMAT) reported Q1 FY2023 earnings of $2.03 per share (versus $1.89 per share in Q1 FY2022), beating analysts’ consensus estimate of $1.92 per share.
The company’s quarterly revenues amounted to $6.739 bln (+7.5% y/y), beating analysts’ consensus estimate of $6.656 bln.
The company also issued in-line guidance for Q2 FY2023, seeing EPS of $1.66-2.02 versus analysts’ consensus estimate of $1.76 and revenues of $6.0-6.8 bln versus analysts’ consensus estimate of $6.33 bln.
AMAT rose to $116.00 (+0.53%) in pre-market trading.
