Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: Math Junkie who wrote (21523)	7/11/1998 2:01:00 AM
From: Jacob Snyder	Read Replies (2) of 70976

Applied Materials drops a bomb By Larry Barrett July 10, 1998 5:37pm Inter@ctive Investor Applied Materials Inc. (Nasdaq: AMAT) on Friday warned that its third-quarter results will fall short of analysts' expectations, meaning that it will now report earnings of about 15 cents to 18 cents a share in the quarter. Its shares gained « to 29 « ahead of the warning. First Call consensus expected the world's largest semiconductor equipment manufacturer to return a profit of 21 cents a share in the quarter. Company officials now expect third-quarter sales to fall between $850 million and $885 million. Last quarter, Applied Materials earned $141 million, or 37 cents a share, on sales of $1.1 billion. In the third quarter of 1997, it made $186 million, or 49 cents a share, on sales of $1 billion. Delayed orders and the ongoing economic crisis in Asia were blamed for the shortfall. Applied shares were trading at 54 3/16 in August before falling to a low of 25 « in December. Fifteen of the 21 institutional investment firms following the stock maintain either a "buy" or "strong buy" recommendation.

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