Applied Materials Posts Q2 Loss

Applied Matierals'  (NASDAQ: AMAT  ) results for the company's Q2 have been released. For the quarter, net sales were just shy of $2 billion, down from the $2.5 billion in the same period the previous year. During that same time span, the company swung to a bottom-line loss, recording a shortfall of $129 million ($0.11 per diluted share) in the most recent quarter, compared to Q2 2012's profit of $289 million ($0.22).

On a non-GAAP basis, those numbers were both in the black. Q2 2013's net came in at a profit of $199 million ($0.16 per diluted share), while the year-ago quarter's figure was $349 million ($0.27).

In the press release detailing the results, Applied Materials also provided guidance for its current Q3. The company believes its net sales will "be up slightly" from Q2, with non-GAAP adjusted EPS coming in at $0.16-$0.20.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2437121, ~/Articles/ArticleHandler.aspx, 9/23/2014 2:50:06 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement