Applied Materials (AMAT) +1.7% AH after providing moderately upbeat analyst day forecasts. The...

|By:, SA News Editor

Applied Materials (AMAT) +1.7% AH after providing moderately upbeat analyst day forecasts. The company still expects industry chip wafer fab. equipment revenue will total $27B-$30B in 2013 (Gartner forecasts $28B), and (in-line with expectations) predicts spending will pick up in 2014 as mobile chip demand fuels upgrades. Depending on industry sales and its share of them, AMAT project its FY16 (ends Oct. 16) revenue will fall in a range of $9.9B-$12.4B, and EPS in a range of $1.50-$2.15. The FY13 consensus is for revenue of $7.8B and EPS of $0.64. (slides)