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In addition to Mizuho Securities, Applied Materials also received a Buy from Summit Redstone Partners’s Kinngai Chan in a report issued today. However, on the same day, Susquehanna reiterated a Hold rating on Applied Materials (NASDAQ: AMAT).
Based on Applied Materials’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $6.52 billion and a net profit of $1.61 billion. In comparison, last year the company earned a revenue of $6.2 billion and had a net profit of $1.72 billion
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Founded in 1967, Applied Materials, Inc. is a California-based company which provides manufacturing equipment, services, and software solutions to the semiconductor, display, and related industries to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.
Read More on AMAT:
- Applied Materials Announces Q4 and Fiscal 2022 Earnings Webcast
- Applied Materials price target lowered to $279 from $347 at Cowen
- Applied Materials appoints March to board of directors
- Applied Materials Appoints Kevin March to Board of Directors
- Applied Materials, ASML upgraded at New Street ahead of earnings trough