What's In Store For Applied Materials' (AMAT) Q4 Earnings?
Zacks Investment Research | Nov 11, 2019 08:23PM ET
Applied Materials, Inc. (NASDAQ:AMAT) is set to report fiscal fourth-quarter 2019 results on Nov 14. In the last reported quarter, it delivered a positive earnings surprise of 5.71%.
The Zacks Consensus Estimate for earnings has remained stable at 76 cents over the past 30 days. The figure indicates a decline of 21.7% from the year-ago reported figure.
Notably, the consensus mark for revenues is pegged at $3.69 billion, implying a decline of 8.1% from the year-ago reported figure.
Performance in the Last Reported Quarter
In third-quarter fiscal 2019, earnings of 74 cents per share surpassed the Zacks Consensus Estimate by 4 cents. The figure improved 5.7% sequentially but declined 28.8% year over year.
Revenues decreased 14.4% from the year-ago quarter to $3.562 billion. However, the figure surpassed the Zacks Consensus Estimate of $3.526 billion.
Let’s see how things have shaped up for this announcement.
Applied Materials, Inc. Price, Consensus and EPS Surprise
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