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Applied Materials Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates-Conference Call

Thursday, 15 Nov 2012 04:11am EST 

Applied Materials Inc announced that for the first quarter of 2013, it expects net sales to be flat to down 15% sequentially. The Company expects non-GAAP EPS to be in the range of $0.00 to $0.06. The non-GAAP EPS outlook excludes known charges related to completed acquisitions of approximately $0.05 per share but does not exclude other non-GAAP adjustments that may arise subsequent to this release. The Company reported revenues of $1.646 billion in the fourth quarter of 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.750 billion and EPS of $0.08 for the first quarter of 2013.