Applied Materials beats earnings and revenue expectations in Q2, with strong growth in China.

From Investing.com: 2024-05-16 17:05:39

Applied Materials reported strong fiscal second-quarter results, with adjusted EPS of $2.09, beating analyst expectations of $1.99, on revenue of $6.65 billion, surpassing estimates of $6.54 billion. Sales in China more than doubled to $2.83B, while U.S. sales fell to $853M. Adjusted gross margin rose to 47.5%. Q3 adjusted EPS projected at $1.83-$2.19 on sales of $6.65B.



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