Applied Materials Announces Third Quarter 2022 Results

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Go back to Applied Materials Announces Third Quarter 2022 Results

Applied Materials (AMAT) PT Lowered to $140 at Cowen

August 19, 2022 9:36 AM EDT

Cowen analyst Krish Sankar lowered the price target on Applied Materials (NASDAQ: AMAT) to $140.00 (from $160.00) while maintaining an Outperform rating following earnings.

The analyst commented, "AMAT reported a strong July 22 Q and Sept 22 guide despite the challenging macro/supply chain environment. Following... More

Applied Materials (AMAT) Tops Q3 EPS by 16c, Guidance Beats

August 18, 2022 4:02 PM EDT

Applied Materials (NASDAQ: AMAT) reported Q3 EPS of $1.94, $0.16 better than the analyst estimate of $1.78. Revenue for the quarter came in at $6.52 billion versus the consensus estimate of $6.27 billion.

GUIDANCE:

Applied Materials sees Q4 2022 EPS of $1.82-$2.18, versus the consensus of $1.94.... More