What's in Store for Applied Materials (AMAT) in Q2 Earnings?

Applied Materials, Inc. (AMAT) is set to report second-quarter fiscal 2024 results on May 16.For the fiscal second quarter, AMAT expects net sales of $6.50 billion (+/-$ 400 million). The Zacks Consensus Estimate for revenues is pegged at $6.51 billion, suggesting a decline of 1.8% from the year-ago quarter’s reading.Applied Materials projects non-GAAP earnings of$ 1.79- $2.15 per share. The Zacks Consensus Estimate for earnings is pinned at$ 1.96 per share, indicating a decline of 2% from the year-ago quarte ...