Applied Materials beats earnings estimates, reporting $2.12 per share, amid mixed analyst reactions.

Applied Materials (AMAT) reported stronger-than-expected quarterly earnings of $2.12 per share and revenue of $6.78 billion, surpassing analyst predictions. Despite mixed reviews from analysts, with some lowering price targets, others remain optimistic. Morgan Stanley trimmed its target to $179, while Cantor Fitzgerald reissued an “overweight” rating with a $250 target. Applied Materials also announced a quarterly dividend of $0.40 per share.

November 16, 2024
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