Applied Materials (AMAT) PT Lowered to $140 at Cowen
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Applied Materials Announces Third Quarter 2022 Results
August 18, 2022 4:02 PM EDTRecord quarterly revenue of $6.52 billion, up 5 percent year over yearGAAP EPS of $1.85 and non-GAAP EPS of $1.94, down 1 percent and up 2 percent year over year, respectivelyGenerated $1.47 billion in cash from operations and returned $1.23 billion to shareholders
SANTA CLARA, Calif., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its third quarter ended Jul. 31, 2022.
Third Quarter Results
Applied generated revenue of $6.52 billion. On a GAAP basis, the company achieved gross margin of 46.1 percent, operating income of $1.92... More
