Applied Materials Posts Q2 Loss

By Eric Volkman – May 16, 2013 at 6:50PM

NASDAQ: AMAT

Applied Materials

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$161B

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Meanwhile, the company's revenues are lower on a year-over-year basis.

Applied Matierals' (AMAT 2.00%) 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.

Fool contributor Eric Volkman has no position in Applied Materials. Nor does The Motley Fool. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.