AMAT Sees FY Q4 Profit; Revs Up 10-20 Percent Vs. Q3

Applied Materials (AMAT) CFO George Davis told investors on a conference call this afternoon that the company sees 10-20 percent sequential revenue growth for the fiscal fourth quarter ending in October, with EPS ranging from break even to a positive 4 cents. The company expects orders to growth sequentially, but did not give a specific forecast.

The revenue forecast implies $1.24 billion to $1.36 billion, well above the Street consensus at $1.07 billion, although down from $2.04 billion a year ago.

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