Applied Materials (AMAT): FQ2 EPS of $0.27 beats by $0.03. Revenue of $2.54B (-11.3% Y/Y) beats by $150M
Applied Materials' FQ2: AMAT expects FQ3 revenue of $2.29B-$2.54B and EPS of $0.21-$0.29 vs. a consensus of $2.44B and $0.26. It expects FY12 revenue to be at the high end of a prior guidance range of $9.1B-$9.5B, and EPS of $0.85-$0.95 (consensus stands at $9.5B and $0.94). Orders +38% Q/Q off depressed levels, and book/bill stood at 1.09. Backlog +10% Q/Q to $2.37B. AMAT -0.5% AH. With shares near 52-week lows, a lot is already baked in
Applied Materials' FQ2: AMAT expects FQ3 revenue of $2.29B-$2.54B and EPS of $0.21-$0.29 vs. a consensus of $2.44B and $0.26. It expects FY12 revenue to be at the high end of a prior guidance range of $9.1B-$9.5B, and EPS of $0.85-$0.95 (consensus stands at $9.5B and $0.94). Orders +38% Q/Q off depressed levels, and book/bill stood at 1.09. Backlog +10% Q/Q to $2.37B. AMAT -0.5% AH. With shares near 52-week lows, a lot is already baked in
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