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News Breaks
November 15, 2012
13:40 EDTAMATEarnings Preview: Applied Materials to report decline in silicon system revenue
Applied Materials (AMAT) is expected to report Q4 earnings after the market close on Thursday, November 15, with a conference call scheduled for 4:30 pm ET. The consensus estimate is 3c for EPS and $1.58B for revenue, according to First Call. Like most of the semi group, Applied Materials has had a tough year. Revenues and EPS have fallen year-over-year for four straight quarters. Guidance from the last earnings call for Q4 is adjusted EPS of 0c-6c on revenue that is 25%-40% lower than Q3's $2.34B. Piper Jaffray estimates Q4 sales to decline 33% to $1.56B, in-line with its guidance. The firm believes silicon systems revenues were down 50% quarter-over-quarter to $773M which likely is the near term trough. Overall orders for Q4 were down 17% quarter-over-quarter to $1.49B. Piper sees 1Q13 orders to grow 10% quarter-over-quarter compared to their prior view of a big snap-back. Overall orders likely improve 5% quarter-over-quarter, with Silicon orders expected to be up 10% quarter-over-quarter. Piper views the Solar segment to remain dormant while the Display segment recovers modestly.
News For AMAT From The Last 14 Days
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November 20, 2014
10:35 EDTAMATOptions with decreasing implied volatility
Options with decreasing implied volatility: DKS SPLS WB GMCR VRX HTZ WSM VIPS BBY AMAT
November 19, 2014
10:29 EDTAMATGoogle now top competitor to Apple, Jefferies says
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November 18, 2014
07:36 EDTAMATUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link

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