Applied Materials Navigates China Slowdown, Analysts See Early Recovery Despite Soft Guidance

Wall Street analysts revised their price targets on Applied Materials, Inc AMAT after the company released its first-quarter results Thursday.The company reported a quarterly revenue of 7.17 billion, up by 7%, topping the analyst consensus estimate of $7.14 billion. It reported an adjusted EPS of$2.38, beating the analyst consensus estimate of $2.29.Also Read: Lam Research Commits$1.2 Billion Investment In India, Eyes $63 Billion Semiconductor Growth MarketApplied Materials expects second-quarter revenue ...