Applied Materials (AMAT) to Post Q1 Earnings: What's in Store?

Applied Materials, Inc. (AMAT) is set to report first-quarter fiscal 2024 results on Feb 15.For the fiscal first quarter, the company expects net sales of $6.47 billion (+/-$400 million). The Zacks Consensus Estimate for revenues is pegged at $6.47 billion, suggesting a decline of 3.95% from the year-ago quarter’s actual.Applied Materials projects non-GAAP earnings per share of $1.72-$2.08. The Zacks Consensus Estimate for earnings is pegged at $1.90, indicating a fall of 6.4% from the year-ago quarter’s re ...