Applied Materials, Inc. Comments On Q3 2012 Revenue Guidance; Issues Q3 2012 EPS Guidance In Line With Analysts' Estimates; Sees FY 2012 Guidance At High End Of Prior Range-Conference Call

Applied Materials, Inc. announced that for third quarter of 2012, it expects overall net sales to be flat to down 10% and non-GAAP earnings to be in the range of $0.21 to $0.29 per share (EPS). For fiscal 2012, the Company expects net sales and earnings per share to be at the high end of the Company's previous outlook, which estimated net sales in the range of $9.1 billion to $9.5 billion, and non-GAAP EPS in the range of $0.85 to $0.95. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.43 billion and EPS of $0.26 for third quarter of 2012; revenue of $9.5 billion and EPS of $0.94 for fiscal 2012.