Referenced Stocks

UPDATE: Applied Materials Down, But Well Above Day Lows as Issues Mixed FY12 Outlook

By Midnight Trader,  July 10, 2012, 12:22:47 PM EDT

Applied Materials ( AMAT ) said that it expects Q3 EPS to come in at the lower half of its previous range of $0.21 - $0.29, compared with the Capital IQ consensus estimate of $0.25. The company expects revenues at the low end of its previous outlook of $2.286 bln - $2.54 bln, compared to the Street view of $2.43 bln.

For FY12, the company sees sales below the previous outlook of $9.1 bln - $9.5 bln, with non-GAAP EPS below the previous range of $0.85 - $0.95. Analysts are looking for EPS of $0.94 on revenues of $9.5 bln.

Shares are down 1.3% to $10.86 but above a day low $10.40, on a 52-week range of $9.70 - $13.94.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: AMAT



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