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More on Applied Materials' FQ3: Company expects FQ4 revenue to fall 25%-40% Q/Q, worse than a...

More on Applied Materials' FQ3: Company expects FQ4 revenue to fall 25%-40% Q/Q, worse than a consensus for a 17% drop. EPS is expected to fall between $0.00-$0.06, below a $0.12 consensus. Backlog fell 22% Q/Q to $1.82B. Chip equipment orders -41% Q/Q to $1.17B, display -20% to a mere $67M, solar -44% to just $35M, global services orders -18% to $531M. 3.6% of outstanding shares repurchased during quarter. AMAT -2.5% AH. (PR)
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