Applied Materials soft revenue guidance overshadows Q4 results beat

nvesting.com -- Applied Materials (NASDAQ: AMAT) reported fiscal fourth-quarter results that beat Wall Street estimates, but the memory chip maker's revenue guidance for the current quarter fell short of estimates.

Applied Materials Inc (NASDAQ: AMAT) fell 4% in afterhours trade following the report.

Applied Materials announced adjusted Q4 earnings per share of $2.32 on revenue of $7.05B. Analysts polled by Investing.com anticipated EPS of $2.19 on revenue of $6.96B.

Looking ahead to Q1, the company forecast adjusted diluted EPS of $2.29, give or take $0.18, on revenue of about $7.15B, plus or minus $400M. That compared with estimates for adjusted EPS of $2.27 on revenue of $7.23B.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Alan Greenspan, influential former Federal Reserve chair, dies at 100
• Applied Materials (AMAT) PT Raised to $715 at Wells Fargo