Applied Materials (AMAT) Q2 Earnings & Revenues Top Estimates

Applied Materials Inc. (AMAT) reported second-quarter fiscal 2024 non-GAAP earnings of $2.09 per share, surpassing the Zacks Consensus Estimate by 6.1%. Moreover, the figure improved 5% from the year-ago quarter’s reported number.Net revenues of$ 6.65 billion were up 0.2% from the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $6.51 billion.Strong momentum in the Applied Global Services (“AGS”) segment was a positive. Improving the Display segment contributed well. AMAT also experien ...