Applied Materials (NASDAQ: AMAT) reported Q1 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $3.28 billion versus the consensus estimate of $3.27 billion.

GUIDANCE:

Applied Materials sees Q2 2017 EPS of $0.72-$0.80, versus the consensus of $0.63. Applied Materials sees Q2 2017 revenue of $3.45-3.6 billion, versus the consensus of $3.26 billion.

“We set new records for earnings and orders in our first quarter, and 2017 is shaping up to be an outstanding year for Applied Materials,” said Gary Dickerson, President and CEO. “Our inflection-focused innovation strategy is delivering results and we are increasingly confident that we can maintain our trajectory of sustainable growth and raise the ceiling on our performance.”

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

Earnings Guidance Hot Earnings Hot Guidance

Applied Materials (AMAT) PT Raised to $40 at InstinetFebruary 17, 2017 5:53 AM Applied Materials (AMAT) PT Raised to $42 at UBS; Reiterates Buy February 16, 2017 9:19 AM Applied Materials (AMAT) PT Raised to $43 at Needham & Company Following 'Very Strong’' F1Q17 BookingsFebruary 16, 2017 7:51 AM Applied Materials (AMAT) PT Raised to $35 at RBC Capital Following Strong April-Q GuidanceFebruary 16, 2017 5:57 AM Cowen Reiterates Outperform Rating and $40 PT on Applied Materials (AMAT) Citing Big OrdersFebruary 16, 2017 5:47 AM Applied Materials Delivers Record Earnings Per ShareFebruary 15, 2017 4:01 PM