Applied Materials, Inc. (NASDAQ: AMAT) reported Q2 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.77 billion.

Sees Q3 adj-EPS of 31-37c, vs. the consensus of 39c. Sees sales down 3-10% sequentially.

Earnings Guidance