Applied Materials, Inc. (AMAT - Get Report) is expected to report quarterly earnings of 66 cents a share on sales of $3.5 billion after the market closes on Thursday, based on a FactSet survey of 20 analysts.
In the same period a year ago, the company posted earnings of $1.22 a share on sales of $4.6 billion.
The stock has fallen 1.7% since the company last reported earnings on Feb. 14.
Quarterly estimates have fallen less than 1 cent a share in the past month.
Applied Materials is currently trading at a price-to-forward-earnings ratio of 12.1, based on the 12-month estimates of 24 analysts surveyed by FactSet.
Applied Materials Inc. is being watched by the Trifecta Stocks team. To find out more about how you can profit from Chris Versace and Bob Long's insights at Trifecta Stocks, please click here.
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