Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Roberston Stephens Trims AMAT Outlook

Robertson Stephens cut its estimates on computer chipmaker Applied Material (AMAT) after the company posted first quarter earnings per share of $0.66 and cut its outlook for the second quarter to a range of $0.32 to $0.37.

Analyst Sue Billat kept her strong buy rating, but she cut fiscal year 2001 EPS estimates to $1.85, down from $2.54. She expects revenues to come in at $8.88 billion for 2001. Billat sees 20% growth in calendar year 2002, leading to revenues of $10.28 billion and EPS of $2.38.

She thinks this will be a short-lived downturn unless the U.S. economy heads into major recession. As the year progresses, she believes investors will likely look past the current down trend and focus on the next "upcycle." With shares trading at 17.3 times 2002 calendar year EPS, she believes the stock is trading at a significant discount to peak prices.

blog comments powered by Disqus