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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; melodie.warner@dowjones.com

Stock News for Applied Materials (AMAT)
DateTimeHeadline
07/16/201509:30:00Semiconductor Equipment and Materials Stocks Technical Data...
07/13/201519:29:54Applied Materials Demonstrates Success with Fast-Ramping Products...
07/13/201507:31:30Applied Materials Introduces High-Performance ALD Technology...
07/13/201507:30:36Applied Materials' New Etch System Provides Atomic-Level Precision
07/09/201516:40:17Automatic Shelf Registration Statement of Securities of Well-known...
06/26/201519:09:37Statement of Changes in Beneficial Ownership (4)
06/26/201516:14:26Annual Report of Employee Stock Plans (11-k)
06/25/201519:08:20Statement of Changes in Beneficial Ownership (4)
06/23/201519:12:32Statement of Changes in Beneficial Ownership (4)
06/22/201510:45:00Cadence and Applied Materials Collaborate on Joint Development...
06/22/201507:30:41Applied Materials to Host Analyst Meeting on Monday, July 13
06/05/201517:01:34Current Report Filing (8-k)
06/05/201516:05:00Willem P. Roelandts Named Chairman of the Board of Directors...
06/05/201507:30:00Applied Materials Announces Cash Dividend
06/03/201519:03:00Statement of Changes in Beneficial Ownership (4)
05/28/201517:25:07Specialized Disclosure Report (sd)
05/21/201516:19:11Quarterly Report (10-q)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201503:05:25Applied Materials' Breakthrough Patterning Hardmask Enables Copper...
05/15/201507:30:22Applied Materials to Present at Upcoming Investor Conferences

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