Applied Materials beats by $0.01, reports revs in-line; guides Q2 EPS above consensus, revs above consensus (35.49 +0.26)
- Reports Q1 (Jan) earnings of $0.67 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.66; revenues rose 45.2% year/year to $3.28 bln vs the $3.27 bln Capital IQ Consensus.
- Co issues upside guidance for Q2, sees EPS of $0.72-0.80, excluding non-recurring items, vs. $0.62 Capital IQ Consensus Estimate; sees Q2 revs of $3450-3600 vs. $3.21 bln Capital IQ Consensus Estimate