Applied Materials: Chip Orders Seen Better; Solar Soft
Applied Materials (AMAT) is likely to provide mixed news when it reports results after the close tomorrow for its fiscal second quarter ended April. The Street is looking for revenue of $904 million and a loss of 10 cents a share; the thinking on the July quarter is $923 million and a loss of 8 cents.
Analysts seem to agree that there has been a pick up in demand for semiconductor manufacturing equipment from the foundry sector. But the company’s solar business is struggling.
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