07:01 AM EDT, 05/16/2024 (MT Newswires) -- Applied Materials ( AMAT ) is due with its Q2 results after the close today, and analysts polled by Capital IQ are expecting the company to report a profit of $1.99 per share on revenue of $6.5 billion.

AMAT has a tendency to reverse its after-hours movement the next day following an evening earnings event. It has done so after 44 of the last 80 earnings events.

Looking deeper into the performance data, AMAT has recorded an earnings-driven after-hours gain in 44 of the 80 quarters we've tracked, and in 26 of those events, 59% of the time, the stock has reversed or narrowed its evening gain in the following day's regular session. On the downside, AMAT has recorded an after-hours decline in 36 of the 80 quarters we've tracked, cutting back or reversing its decline 18 times, 50% of the time.

Price: 218.54, Change: +1.05, Percent Change: +0.48