Applied Materials Beats on Q1 Revenue, EPS

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Applied Materials exceeded estimates in its just-released fiscal Q1 2013 results. For the quarter, the company brought in $1.57 billion in net sales and posted a non-GAAP net profit of $69 million ($0.06 per diluted share). That top line was lower than the $1.65 billion in the same quarter last year, while net was roughly flat.

The recent quarter's results topped analyst estimates, however. Expectations were for $1.56 billion in revenue and EPS of $0.03.

Applied Materials' guidance for its current quarter also surprised on the upside. The company anticipates that its sales will amount to $1.81 billion to $1.96 billion, and EPS will be $0.09 to $0.15 for the period. Analysts had been projecting $1.81 billion and $0.11, respectively.

The article Applied Materials Beats on Q1 Revenue, EPS originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Applied Materials. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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