Truist Securities Maintains Hold on Array Technologies, Raises Price Target to $22

Applied Materials reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52%. The company reported quarterly sales of $6.71 billion, beating the analyst consensus estimate of $6.48 billion by 3.55%. and representing a 0.47% decrease over sales of $6.74 billion from the same period last year.