Applied Materials (NASDAQ:AMAT) concluded the recent trading session with a marginal -0.15% change, landing at $131.11, trailing behind the S&P 500’s 1.2% gain, Dow’s 1.58% addition, and Nasdaq’s 1.16% rise on Tuesday. This underperformance is not a new trend for AMAT, as the company’s stock has seen a decrease of 5.16% over the past month, exceeding both the Computer and Technology sector’s loss of 3.32% and the S&P 500’s loss of 3.58%.
Despite this downward trend, the forthcoming earnings release for AMAT is expected to report earnings per share (EPS) of $1.98, which indicates a slight downward movement of 2.46% from the same quarter last year. The revenue forecast stands at $6.52 billion, marking a decline of 3.35%.
Looking ahead to the full-year performance, Zacks Consensus Estimates project earnings of $7.90 per share and revenue of $26.32 billion for AMAT, suggesting…
