Compared to Estimates, Applied Materials (AMAT) Q1 Earnings: A Look at Key Metrics

For the quarter ended January 2024, Applied Materials (AMAT) reported revenue of $6.71 billion, down 0.5% over the same period last year. EPS came in at $2.13, compared to $2.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.47 billion, representing a surprise of +3.62%. The company delivered an EPS surprise of +12.11%, with the consensus EPS estimate being $1.90.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...