Applied Materials beats Q4 earnings estimates, but stock dips as China revenue falls 28%.

Applied Materials reported Q4 earnings of $2.32 per share, exceeding analyst estimates, with revenue up 5% to $7.05 billion. Despite strong performance, the company's stock fell in after-hours trading. Guidance for Q1 2025 projects revenue of $7.15 billion and EPS of $2.29. Revenue from China dropped 28% compared to the previous year. Applied Materials' board also approved a $0.40 per share quarterly dividend. Analysts remain mixed, with a "Moderate Buy" rating and a target price of $227.24.

November 14, 2024
18 Articles