Applied Materials Posts Q2 Loss
Applied Matierals' results for the company's Q2 have been released. For the quarter, net sales were just shy of $2 billion, down from the $2.5 billion in the same period the previous year. During that same time span, the company swung to a bottom-line loss, recording a shortfall of $129 million ($0.11 per diluted share) in the most recent quarter, compared to Q2 2012's profit of $289 million ($0.22).
On a non-GAAP basis, those numbers were both in the black. Q2 2013's net came in at a profit of $199 million ($0.16 per diluted share), while the year-ago quarter's figure was $349 million ($0.27).
In the press release detailing the results, Applied Materials also provided guidance for its current Q3. The company believes its net sales will "be up slightly" from Q2, with non-GAAP adjusted EPS coming in at $0.16-$0.20.
The article Applied Materials Posts Q2 Loss originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Applied Materials. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.