Applied Materials (NASDAQ: AMAT) reported Q1 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $2.36 billion versus the consensus estimate of $2.33 billion.

"Major technology inflections in semiconductor and display are creating new growth opportunities for Applied's precision materials engineering products and services," said Gary Dickerson, president and chief executive officer. "With focus and execution, we are gaining momentum toward our long-term strategic goals, and this progress will be accelerated by our planned merger with Tokyo Electron."

Applied Materials sees Q2 2015 EPS of $0.28-$0.30, versus the consensus of $0.32.

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