Applied Materials (AMAT) Tops Q1 EPS by 1c; Raises Q2 Outlook

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.

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