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SmarTrend(R) News Watch: Applied Materials Reports Inline Fiscal Q2 Loss, Tops Revenue Estimate

May 12, 2009 (SmarTrend(R) News Watch via COMTEX) --

Company: Applied Materials, Inc. (AMAT)

Applied Materials (NASDAQ:AMAT) reported a fiscal Q2 loss of 10 cents per share, ex-items, inline with consensus estimates. Revenues fell 53% year-over-year to $1.02 billion, topping consensus estimates of $906.1 million. The company reported that new orders totaled $649 million and backlog at the end of fiscal Q2 was $3.16 billion, down from $4.05 billion at the end of the first quarter of fiscal 2009. "In a period of exceptionally weak demand, Applied preserved its strong balance sheet, returned a dividend to our stockholders and made substantial investments in our future," said Mike Splinter, Chairman and CEO.

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News Provided by COMTEX

Company: Applied Materials, Inc. (AMAT)


Related terms: ceo, dividend, market, nasdaq, revenue

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