Applied Materials Up 5.5% After Earnings

Date : 05/17/2019 @ 3:37PM
Source : Dow Jones News
Stock : Applied Materials Inc (AMAT)
Quote : 47.3  2.25 (4.99%) @ 9:57PM
After Hours
Last Trade
Last $ 47.40 ▲ 0.10 (0.21%)

Applied Materials Up 5.5% After Earnings

Applied Materials (NASDAQ:AMAT)
Historical Stock Chart

1 Year : From Mar 2019 to Mar 2020

Click Here for more Applied Materials Charts.

By Michael Dabaie


Applied Materials Inc. (AMAT) shares were up 5.5%, to $43.94, in early trading Friday.

The materials engineering company Thursday reported second-quarter revenue of $3.54 billion, beating FactSet consensus for $3.49 billion. Earnings per share came to 70 cents, above FactSet consensus of 66 cents. Applied Materials said results were toward the top-end of its guidance range.

The company guided for third-quarter sales of about $3.525 billion, plus or minus $150 million and adjusted EPS of 67 cents to 75 cents.

UBS raised its price target on Applied Materials to $49 a share from $45, and maintained it at Neutral. Wells Fargo raised its price target to $52 a share from $45 and maintained it at Outperform, while Citigroup raised its price target to $52 from $51 and maintained at Buy.


Write to Michael Dabaie at


(END) Dow Jones Newswires

May 17, 2019 10:22 ET (14:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest AMAT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.