Applied Materials (NASDAQ: AMAT) is slated to report fourth quarter 2019 earnings results on Thursday, November 14, after the market closes. Analysts have estimated earnings of $0.76 per share on revenue of $3.68 billion. This compares to earnings of $0.97 per share on revenue of $4.01 billion reported a year earlier.
Last quarter, Applied Materials saw revenue declines in all three business divisions due to a challenging market environment. The company has been focusing on developing new products and capabilities and this might help it see a pickup in the fourth quarter results.
The company is also expected to benefit from its investments in areas like Internet of Things and artificial intelligence. Updates on the Kokusai acquisition are also worth watching. Kokusai’s wafer equipment is helpful in processing chips which are used in high-growth areas like self-driving cars, IoT, and artificial intelligence.
Applied gets a major portion of its revenue from the Asia Pacific region and China is a significant contributor. The impact of the US-China trade tensions on the results is a factor to watch.
In the third quarter of 2019, Applied beat earnings expectations despite posting a year-over-year decline. Adjusted EPS fell 29% to $0.74 while sales dropped 14% to $3.56 billion.
For the fourth quarter, Applied Materials has guided for net sales of about $3.685 billion, plus or minus $150 million. Adjusted earnings are anticipated to be in the range of $0.72 to $0.80 per share.
Shares of Applied have gained 71% so far this year and 21% in the past three months.
Most Popular
Earnings Preview: Home Depot’s Q3 report likely to reflect weak consumer demand
The US housing industry has been mostly resilient to headwinds like economic uncertainties so far this year. However, housing activity cooled in recent months as high mortgage rates and inflation
Take-Two Interactive (TTWO) will report Q2 2025 earnings this week, a few points to note
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed red on Monday. The stock has gained 16% over the past three months. The gaming company is set to report its second
Earnings Summary: Highlights of Loews Corporation’s (L) Q3 2024 report
Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024.