Applied Materials
AMAT
is expected to publish its Q4 FY’23 results on November 16, reporting on another quarter that is likely to see a slowdown in sales due to potentially weaker demand for equipment from the memory market. We expect revenues for the quarter to decline by about 9% year-over-year to about $6.15 billion, roughly in line with estimates. We expect that earnings will stand at about $1.89 per share. See our analysis of Applied Materials Earnings Preview for a closer look at what to expect when the company reports results.
Amid the current financial backdrop, AMAT stock has seen extremely strong gains of 55% from levels of $85 in early January 2021 to around $130 now, vs. an increase of about 10% for the S&P 500 over this roughly 3-year period.
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