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From the News Desk
Friday, 1. September 2006
Applied Materials Q2 Earnings Up on Electronics Demand
Applied Materials Inc. has posted a higher second quarterly net profit of USD 413 million, or 26 cents a share, compared with USD 305 million, or 28 cents a share in the year-ago period. Excluding stock-based compensation expense, the company earned USD 453.3 million, or 29 cents a share, a year earlier.
Analysts on average expected the company to earn USD 413 million or 26 cents a share, according to Reuters Estimates.
The company said its revenue jump by one-fifth due to growing demand for consumer electronics such as digital music players and cell phones. Its Revenue was USD 2.25 billion, up 21 percent from USD 1.86 billion a year earlier and better than the USD 2.14 billion Wall Street had expected.
For its third quarter the company expect to earn between 28 cents and 30 cents a share, ahead of analysts view of 27 cents a share.
Revenue for the quarter is expected to rise 5 to 10 percent from the second quarter, the company said.
Analysts on average expected the company to earn USD 413 million or 26 cents a share, according to Reuters Estimates.
The company said its revenue jump by one-fifth due to growing demand for consumer electronics such as digital music players and cell phones. Its Revenue was USD 2.25 billion, up 21 percent from USD 1.86 billion a year earlier and better than the USD 2.14 billion Wall Street had expected.
For its third quarter the company expect to earn between 28 cents and 30 cents a share, ahead of analysts view of 27 cents a share.
Revenue for the quarter is expected to rise 5 to 10 percent from the second quarter, the company said.
