Recap: Applied Materials Q1 Earnings

Applied Materials AMAT reported its Q1 earnings results on Wednesday, February 16, 2022 at 04:01 PM. Here's what investors need to know about the announcement. Earnings Applied Materials beat estimated earnings

Applied Materials AMAT reported its Q1 earnings results on Wednesday, February 16, 2022 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Applied Materials beat estimated earnings by 2.16%, reporting an EPS of $1.89 versus an estimate of $1.85.

Revenue was up $1.11 billion from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01, which was followed by a 5.49% drop in the share price the next day.

Here's a look at Applied Materials's past performance:

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This article was generated by Benzinga's automated content engine and reviewed by an editor.