Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Applied Materials Q1 Revenue Sharply Down, But Outlook Positive (AMAT)

Thursday, February 14, 2013 6:20 AM
Although Applied Materials Inc. (NASDAQ: AMAT) reported sharp drop in fiscal first-quarter revenue and earnings, shares of the world’s largest chipmaker gained in aftermarket trading on Wednesday as quarterly results edged past Street’s estimate even as it provided upbeat guidance on the current quarter thanks to improving demand for both semiconductors and LCDs. Lately, the semiconductor industry-- which is highly cyclical and keeps oscillating between boom and bust period, had been reeling under tremendous pressure due to fragile industrial demand. In the recently concluded quarter, the Company’s profit plunged 71%, mainly due to weakness in solar panels and display markets. However, the orders are picking up from the first quarter. The company said on Wednesday that orders climbed 44% in the first quarter from the year earlier period, thanks to pick up in demand for semiconductor and display equipment. For the fiscal second quarter, Applied Materials anticipates earnings to be in the range of 9 cents to 15 cents a share while revenue is expected to increase 15% to 25% from the preceding quarter, or $1.8 billion to $1.96 billion. Analysts polled by Thomson Reuters were expecting Applied Materials to report earnings of 11 cents a share on revenue of $1.8 billion. For the fiscal first quarter ended January 27, the Company reported net income of $34 million or 3 cents a share, compared to $117 million or 9 cents a share. Stripping out onetime items, earnings came at 6 cents a share. Revenue during the period slumped 28 percent to $1.57 billion. Analysts had expected the company to report earnings of  3 cents per share, excluding items, on revenue of $1.55 billion, according to Thomson Reuters’ consensus estimate.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

U.S. consumer spending rebounds, income rises modestlyU.S. consumer spending rebounds, income rises modestly
WASHINGTON, Nov 26 (Reuters) - U.S. consumer spending rebounded in October, suggesting some resilience in the economy at the start of the fourth quarter. The Commerce Department said on Wednesday cons...
U.S. core capital goods orders fall for second straight month in OctoberU.S. core capital goods orders fall for second straight month in October
WASHINGTON, Nov 26 (Reuters) - New orders for U.S.-made capital goods unexpectedly fell for a second straight month in October, a sign that the economy lost some momentum early in the fourth quarter. ...
U.S. jobless claims rise above 300,000 last weekU.S. jobless claims rise above 300,000 last week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits last week rose to the highest level since September, but the underlying trend remained consistent with a firm...
Deere forecasts drop in equipment sales as farm incomes fallDeere forecasts drop in equipment sales as farm incomes fall
(Reuters) - Deere & Co <DE.N>, the world`s largest farm equipment maker, said it expected a drop in equipment sales in the current quarter, hurt by lower corn prices and falling farm incomes...
Deere forecasts drop in equipment sales as farm incomes fallDeere forecasts drop in equipment sales as farm incomes fall
(Reuters) - Deere & Co <DE.N> forecast a drop in equipment sales in the current quarter as lower grain prices discourage farmers from buying tractors, harvesters and other agricultural machi...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
Forex Forex Signals major FX pairs signals