Applied Materials Beats the Street
Semiconductor equipment giant Applied Materials (AMAT ) reported earnings after the close of trading Tuesday of 5 cents per share (excluding charges), beating the consensus estimate by a penny. Net sales in its fiscal third quarter were $1.09 billion, down 1% from the previous quarter and down 25% from a year ago. The net loss for the quarter was 2 cents per share, vs. EPS of 7 cents a year ago. The company said new orders of $1.05 billion rose 9% from the second quarter.
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