Applied Materials Delivers Beat Across The Board, Issues Strong Guidance, Shares Volatile

Benzinga

Applied Materials shares are volatile after the company reported better-than-expected Q3 financial results and issued Q4 EPS and revenue guidance above estimates.

Transcript

00:00 All right. You want to go to applied materials? I see it on the screen. Let's go to it. Let's

00:04 take a look at AMAT EPS here with $1.90 beat the $1.74 estimate sales of 6.42 billion beat

00:11 the 6.16 billion estimate. Applied materials use Q4 EPS at $1.82 to $2.18 on the high end

00:19 versus the $1.61 estimate. I'm thinking like, man, this is a really good report.

00:24 Yeah. Yeah.

00:25 It don't matter, man.

00:26 It don't matter.

00:27 It don't matter right now.

00:28 It's they're trying to take a breath on this report.

00:31 This is why we always say it, right? It matters so much the current environment and the day

00:37 you report.

00:38 Yes.

00:39 We're always going to say this, guys. We say this on the show so much. And I feel like

00:41 a lot of times people think that it's just it matters if they beat and beat. No, it matters

00:46 on the day and the current environment. Right now, the current environment is we don't want

00:51 to even see earnings right now.

00:53 No. Like if you were, if you're taking a stock intentionally through earnings report long

00:58 right now, you crazy like that's the way it's been. Like you got to get out before they

01:03 report because you know what they're beaten and they're popping and then dropping and

01:07 they're missing and they're dropping and dropping.

01:09 So I mean, in the end, you're just dropping. So I mean, which is crazy how we have turned.

01:13 You know, last quarter was the exact opposite where you had stocks missing. Remember, we

01:18 bought AMD and Airbnb on the misses and did really well on those. So I mean, it's the

01:24 opposite story. If you're selling short on the rips, just blindly selling it short for

01:28 the most part, you're making money. There's a few exceptions out there, but for the most

01:32 part, the gains are not holding and the losses are continuing. I mean, Tesla was a Tesla

01:39 was a beat and they hammered it. Netflix was a beat and they hammered it. Microsoft, I

01:42 believe, was a beat and they hammered it. So it was Apple. Apple was a was a and they've

01:47 hammered it. So you're beating and they're hammering you and they're missing. They're

01:51 really hammering you. We know like like a keys, you know, key site today, Keys can be

01:56 your disaster stock of the day. We haven't mentioned that one yet, but it's down a cool

02:00 18 points. So.

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