Up initially thanks to its FQ1 beat and FQ2 guidance, Applied Materials (AMAT -1.7%) closed with...

|By:, SA News Editor

Up initially thanks to its FQ1 beat and FQ2 guidance, Applied Materials (AMAT -1.7%) closed with a loss; shares were up 23% on the year heading into earnings. UBS remains concerned Applied's solar equipment unit will lose money in 2012, and also considers its display equipment business "a 2013 story." But Needham thinks a recovery in chip equipment demand makes Applied a long-term buy. (transcript)