Applied Materials (AMAT $10.94 -0.42) reported third quarter earnings
of $0.35 per share, excluding non-recurring items, $0.02 better than the Capital
IQ Consensus Estimate of $0.33.
Revenues fell 2.4% year/year to $2.79 billion versus the $2.68 billion
consensus.
For the fourth quarter, the company expects earnings to fall in the range of
$0.16 to $0.24, excluding non-recurring items, versus the $0.30 Capital IQ
Consensus Estimate. On the top line, the company sees revenues falling 15% to
30% sequentially, which equates to approx. $1.95 billion to $2.37 billion versus
the $2.55 billion Capital IQ Consensus Estimate.






