Applied Materials (AMAT) earnings were released today, May 18th, postmarket. Its adjusted EPS came in at $2.00 versus an estimated $1.84 and revenue came in at $6.63B versus an estimated $6.40B. Ross Stores (ROST) earnings were also released today. Its adjusted EPS came in at $1.09 versus an estimated $1.06 and its revenue came in at $4.49B versus an estimated $4.49B. Caroline Woods and Kevin Green give an overview of these stock and discuss technical trends to watch. They note that AMAT sees 3Q sales at $6.15B, plus or minus $400M. ROST's 1Q comparable store sales are up 1%. Tune in to find out more about the stock market today.
18 May 2023