Utilized Supplies (AMAT) closed at $61.21 within the newest buying and selling session, marking a -1.59% transfer from the prior day. This modification lagged the S&P 500’s every day lack of 0.71%. Elsewhere, the Dow misplaced 0.81%, whereas the tech-heavy Nasdaq misplaced 0.79%.
Coming into as we speak, shares of the maker of chipmaking tools had gained 11.39% up to now month. In that very same time, the Laptop and Know-how sector gained 7.25%, whereas the S&P 500 gained 4.77%.
Wall Avenue will likely be in search of positivity from AMAT because it approaches its subsequent earnings report date. In that report, analysts count on AMAT to put up earnings of $0.92 per share. This could mark year-over-year progress of 13.58%. Our most up-to-date consensus estimate is looking for quarterly income of $4.10 billion, up 9.26% from the year-ago interval.
For the complete yr, our Zacks Consensus Estimates are projecting earnings of $3.77 per share and income of $16.65 billion, which might symbolize modifications of +24.01% and +13.98%, respectively, from the prior yr.
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