(AMAT) Applied Materials Grows But Earnings Miss Expectations
Posted on August 20, 2010 at 12:49 PM EDT
Applied Materials’ (AMAT) third quarter earnings missed the Zacks Consensus by 8 cents. This was in spite of the revenue beat of 6.1% and mainly on account of a higher-contribution from the loss-making EES unit (even excluding the one-time inventory adjustments, EES segment margins declined 309 bps). Analysts are generally more positive about Applied Materials after [...] (AMAT) Applied Materials Grows But Earnings Miss Expectations