Aug 16, 2013 - US Applied Materials Inc (NASDAQ:AMAT) said Thursday its net profit had decreased to USD 168 million (EUR 126m) in its third quarter through July 28 from USD 218 million a year before.
Thus, diluted earnings per share (EPS) slipped to USD 0.14 from USD 0.17. Despite the fall, the result remained positive even though the photovoltaics (PV) and semiconductor manufacturing equipment maker turned into a net loss of USD 129 million in the second quarter of fiscal 2012/13.
In the reporting period, non-GAAP net profit amounted to USD 223 million, down from USD 300 million a year earlier. Non-GAAP EPS fell to USD 0.18 from USD 0.24.
The company's operating profit in the three months declined to USD 250 million from USD 322 million.
Applied Material's third-quarter revenue dropped to USD 1.98 billion from USD 2.34 billion a year back, but remained unchanged quarter-on-quarter. The firm saw its orders in the period fall 12% sequentially to USD 2 billion due to a seasonal drop in foundry bookings. In the energy and environmental solutions (EES) division, orders contracted by 51% to USD 19 million, while sales dipped 18% to USD 45 million.
Applied Materials guided for non-GAAP EPS of between USD 0.16 and USD 0.20 in its fourth fiscal quarter, with revenues remaining flat quarter-on-quarter.
(USD 1.0 = EUR 0.749)
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