UNBELIEVABLE: What to expect from applied materials next quarterly earnings report - The Untold Story

Santa Clara, California-based Applied Materials, Inc. (AMAT) is a provider of manufacturing equipment, services, and software to the semiconductor, display, and related industries. With a market cap of $170.2 billion, Applied Materials operates through Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets segments. It is expected to announce its Q3 earnings after the market closes on Thursday, August 15.

Ahead of the event, analysts expect Applied Materials to report a profit of $2.01 per share, up 5.8% from $1.90 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates over the past four quarters. Its EPS for the last reported quarter grew 4.5% to $2.09, exceeding the consensus estimates by 6.1%.