Applied Materials Swings First Quater Profit on Strong Sales

Applied Materials (AMAT) swung a profit during its first quarter of fiscal 2010, spurred by strong sales of its semiconductor manufacturing equipment and improving customer demand, the company said Wednesday. The Santa Clara, Calif.-based company raised its full-year revenue target to reflect what CEO Mike Splinter said was higher-than-anticipated demand in the company's semiconductor, LCD display and crystalline silicon solar businesses.