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Applied Materials profit falls 71 pct
February 13, 2013 / 9:11 PM / 5 years ago

Applied Materials profit falls 71 pct

Feb 12 (Reuters) - Chip gear maker Applied Materials’ first-quarter profit fell 71 percent, hurt by lower orders.

Net income fell to $34 million, or 3 cents per share, from $117 million, or 9 cents per share, a year earlier. Excluding items the company earned 6 cents per share.

Revenue fell 28 percent to $1.57 billion.

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