More on Applied Materials' FQ1: The company expects FQ2 sales of $2.3B-$2.52B and EPS of...

|By:, SA News Editor

More on Applied Materials' FQ1: The company expects FQ2 sales of $2.3B-$2.52B and EPS of $0.20-$0.28, better than Street estimates of $2.08B and $0.16. After falling hard in recent quarters, chip equipment orders rose 53% Q/Q, boosted by foundry demand and the acquisition of Varian. However, total backlog fell by $230M to $2.2B, due to continued weakness in display and solar equipment orders. AMAT +4.8% AH. (PR)