• Applied Materials Inc AMAT.OQ reported quarterly adjusted earnings of $2.38​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of $2.13. The mean expectation of twenty five analysts for the quarter was for earnings of $2.29 per share. Wall Street expected results to range from $2.19 to $2.34 per share.

• Revenue rose 6.8% to $7.17 billion from a year ago; analysts expected $7.14 billion.

• Applied Materials Inc's reported EPS for the quarter was $1.45​.

• The company reported quarterly net income of $1.19 billion.

• Applied Materials Inc shares had risen by 11.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for Applied Materials Inc is $210.00

This summary was machine generated from LSEG data February 13 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)