Applied Materials Issues 4Q Revenue Outlook for About $6.65 Billion, Includes Impact of Supply-Chain Issues
August 18 2022 - 5:08PM
Dow Jones News
By Kathryn Hardison
Applied Materials Inc. guided for its fiscal fourth quarter on
Thursday after its third-quarter profit narrowed because of ongoing
supply-chain issues.
The Santa Clara, Calif.-based company said it expected
fourth-quarter revenue to be $6.65 billion, plus or minus $400
million, which includes the expected impact of ongoing supply-chain
challenges.
Applied also guided for adjusted earnings per share to be in the
range of $1.82 to $2.18.
Analysts polled by FactSet predicted fourth-quarter sales of
$6.55 billion and adjusted earnings per share of $1.94.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
August 18, 2022 16:53 ET (20:53 GMT)
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