Applied Materials Delivers Strong Year-On-Year Growth in Quarterly Revenue and Operating Income
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August 17, 2018 7:16 AM EDT
Lynx Equity Strategies analyst Jahanara Nissar sees the guidance miss as a buying opportunity for Applied Materials (NASDAQ: AMAT).
"We would look to taking a long position despite the guidance miss as the stock likely trades modestly down in the near... More
August 17, 2018 6:45 AM EDT
RBC Capital analyst Mitch Steves lowered the price target on Applied Materials (NASDAQ: AMAT) to $50.00 (from $55.00) while maintaining a Sector Perform rating following results.
Steves notes the long-term model update is positive. The Company is increasing its 2020 target model with expectations now calling for over $5.08 in EPS for 2020.
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August 16, 2018 4:03 PM EDT
Applied Materials (NASDAQ: AMAT) reported Q3 EPS of $1.20, $0.03 better than the analyst estimate of $1.17. Revenue for the quarter came in at $4.47 billion versus the consensus estimate of $4.43 billion.
GUIDANCE:
Applied Materials sees Q4 2018 EPS of $0.92-$1.00, versus the consensus of $1.17.... More
