Applied Materials Stock Climbs After Q1 Beat And Strong Q2 Guidance - $AMAT
- 3 months ago
Applied Materials, Inc. (NASDAQ:AMAT) reported its first-quarter financial results after the bell Thursday. Here's a look at the highlights.
The Details:
Applied Materials reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52%. The company reported quarterly sales of $6.71 billion, beating the analyst consensus estimate of $6.48 billion by 3.55%, and representing a 0.47% decrease over sales of $6.74 billion from the same period last year.
Applied Materials said it generated $2.33 billion in cash from operations and distributed $966 million to shareholders, including $700 million in share repurchases and $266 million in dividends.
“Applied Materials delivered strong results in the first quarter of fiscal 2024 and has outperformed our markets for the fifth consecutive year,” said Gary Dickerson, CEO of Applied Materials.
The Details:
Applied Materials reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52%. The company reported quarterly sales of $6.71 billion, beating the analyst consensus estimate of $6.48 billion by 3.55%, and representing a 0.47% decrease over sales of $6.74 billion from the same period last year.
Applied Materials said it generated $2.33 billion in cash from operations and distributed $966 million to shareholders, including $700 million in share repurchases and $266 million in dividends.
“Applied Materials delivered strong results in the first quarter of fiscal 2024 and has outperformed our markets for the fifth consecutive year,” said Gary Dickerson, CEO of Applied Materials.