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Applied Materials Posts Q2 Loss

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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.

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9/26/2016 1:32 PM
AMAT $29.33 Down -0.33 -1.11%
Applied Materials CAPS Rating: ****