Benzinga | Oct 1, 2021 09:15AM EDT

Adobe Ropes In Applied Materials CFO, Applied Appoints Interim Chief

* Applied Materials Inc (NASDAQ:AMAT) announced that Dan Durn, Senior Vice President and Chief Financial Officer (CFO), will exit the company on October 15 to become the CFO at Adobe Inc (NASDAQ:ADBE).

* Former Applied Materials CFO Bob Halliday was appointed interim CFO and will serve until the appointment of a permanent CFO.

* Applied's Q4 FY21 guidance remained unchanged.

* Applied Materials sees Q4 net sales of $6.08 billion - $6.58 billion above the $6.04 billion consensuses. It sees an adjusted EPS outlook of $1.87 - $2.01 above the consensus of $1.81.

* Price Action: AMAT shares traded higher by 0.43% at $129.28 in the premarket session on the last check Friday.