Applied Materials (AMAT) Tops Q1 EPS by 8c, Offers Guidance

Applied Materials (NASDAQ: AMAT) reported Q1 EPS of $1.06, $0.08 better than the analyst estimate of $0.98. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.12 billion.

GUIDANCE:

Applied Materials sees Q2 2018 EPS of $1.10-$1.18, versus the consensus of $1.02. Applied Materials sees Q2 2018 revenue of $4.35-4.55 billion, versus the consensus of $4.4 billion.

• This outlook for non-GAAP adjusted diluted EPS excludes known charges related to completed acquisitions of $0.04 per share and includes the normalized tax benefit of share-based compensation of $0.01 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, as well as other tax related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty.

For earnings history and earnings-related data on Applied Materials (AMAT) click here.

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