ADVFN - Advanced Financial Network.
HOME» NASDAQ » A » AMAT Stock Price » AMAT Stock News

Applied Materials Share News

 Applied Materials (mm) Stock Price
AMAT Stock Price
 Applied Materials (mm) Stock Chart
AMAT Stock Chart
 Applied Materials (mm) Stock News
AMAT Stock News
 Applied Materials (mm) Company Information
AMAT Company Information
 Applied Materials (mm) Stock Trades
AMAT Stock Trades

Applied Materials Sees Year Results Short Of Wall Street Views

DOW JONES NEWSWIRES Applied Materials Inc. (AMAT) forecast fiscal 2012 results just shy of Wall Street estimates due to a sharp capacity-driven downturn in its solar and display equipment markets. The company estimated earnings for the year ending in October at 85 cents to 95 cents a share on revenue of between $9.1 billion and $9.5 billion. Analysts surveyed by Thomson Reuters expect 96 cents a share on $9.59 billion. Applied Materials makes tools used to make chips, television screens and some solar panels, a sector that tanked in the second half of 2011 as a supply glut forced manufacturers to scale back orders for new equipment. The company said it expects continued strength in it core semiconductor business. Chief Executive Mike Splinter said in a Dow Jones Newswires interview Tuesday the solar industry will likely suffer from overcapacity for about a year, forcing the equipment maker to cut additional costs from its business. While 2012 could be tough, Splinter expects 2013 to be a "reasonable" and profitable year for Applied's solar business. The company reported last month its fiscal first-quarter profit slumped 77% on weaker sales and acquisition costs, though the semiconductor-equipment maker said recent orders would deliver a stronger result in the fiscal second quarter. -By Melodie Warner, Dow Jones Newswires; 212-416-2283;

Stock News for Applied Materials (AMAT)
10/05/201516:58:23Statement of Changes in Beneficial Ownership (4)
10/02/201519:07:12Statement of Changes in Beneficial Ownership (4)
10/02/201516:20:16Current Report Filing (8-k)
09/25/201516:17:43Statement of Changes in Beneficial Ownership (4)
09/24/201516:26:28Current Report Filing (8-k)
09/24/201508:33:00Scanning Active Stocks in the Information Technology Sector...
09/23/201516:25:21Current Report Filing (8-k)
09/22/201517:29:22Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
09/21/201509:30:00Market Update on Technology Stocks - Frontier Communications...
09/21/201508:56:29Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
09/09/201516:37:24Current Report Filing (8-k)
09/01/201507:30:47Applied Materials to Present at Upcoming Investor Conference
08/24/201519:35:23Statement of Changes in Beneficial Ownership (4)
08/20/201516:26:17Quarterly Report (10-q)
08/19/201519:22:27Statement of Changes in Beneficial Ownership (4)
08/13/201518:52:50Applied Materials' Revenue Fails to Meet Expectations--Update
08/13/201517:10:28Applied Materials Gives Weak Guidance
08/13/201516:58:26Applied Materials Gives Weak Guidance
08/13/201516:14:56Current Report Filing (8-k)
08/13/201516:01:31Applied Materials Announces Third Quarter Results

Applied Materials and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations