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

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)
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Comments (1)
  • Moon Kil Woong
    , contributor
    Comments (12058) | Send Message
     
    A slow resumption to normal is not anything really to cheer about. Also I think there is still persistent semiconductor weakness, so they aren't out of the woods yet.
    16 Feb 2012, 09:31 PM Reply Like
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