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Wednesday, April 7, 2010 as of 11:14 AM ET

Applied Materials

    Applied Materials

    Applied Materials, Inc. (, ) is a capital equipment producer serving the semiconductor, TFT LCD display, Glass, WEB and solar (crystalline and thin film) manufacturing industries.

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    Get updates on Applied Materials
    Applied Materials' Earnings Fall, But Beat Targets

    Applied Materials Inc.

    saw a drop in second-fiscal quarter earnings, though results came in ahead of Wall Street's expectations. For the quarter ended April 29, Applied Materials reported net income of $289 million, or 22 cents a share, compared to net income of $489 million, or 37 cents a share, for the same period last year. On a non-GAAP basis, the company said it would have earned $1349 million, or 27 cents a share, for the recent period. Revenue slipped 11% to $2.54 billion. Analysts were expecting adjusted earnings of 24 cents per share on revenue of $2.4 billion, according to consensus estimates from FactSet Research.Copyright © 2012 MarketWatch, Inc....

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