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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (49036)	8/18/2010 5:12:21 PM
From: Donald Wennerstrom	1 Recommendation Respond to of 95531

Applied Materials reports Q3 (Jul) results, beats on revs; guides Q4 EPS above consensus, revs above consensus 4:10 PM ET 8/18/10 \| Briefing.com Reports Q3 (Jul) earnings of $0.17 per share, which includes a $0.12 inventory charge from the EES restructuring and may not be comparable to the Thomson Reuters consensus of $0.25. AMAT's May business outlook was for non-GAAP EPS of between $0.22 and $0.26. At the announcement of the EES restructuring plan on July 21, 2010, the non-GAAP EPS outlook was revised to between $0.10 and $0.14 which the co said was at the high end of the previous guidance if excluding the inventory impact. What is interesting is that the consensus EPS rose to $0.25 from $0.24 which may suggest that analysts were excluding this inventory in their numbers. It is likely that $0.29 is comparable to the consensus which would represent a 4 cent beat; revenues rose 123.0% year/year to $2.52 bln vs the $2.36 bln consensus. Co issues upside guidance for Q4, sees EPS of $0.28-0.32 vs. $0.26 Thomson Reuters consensus; sees Q4 revs to be flat to 5% q/q (~$2.52-2.65 bln) vs. $2.41 bln Thomson Reuters consensus.