Applied Materials Q3 Profit Down - Quick Facts

(RTTNews) - Applied Materials, Inc. (AMAT) Thursday reported third-quarter profit of $168 million or $0.14 per share, down from $218 million or $0.17 per share in the same period last year.

Adjusted earnings for the quarter was $223 million or $0.18 per share. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Sales decreased to $1.98 billion from $2.34 billion last year. Analysts expected revenues of $2.06 billion.

Looking ahead to the fourth quarter, the company has forecast adjusted earnings in the range of $0.16 to $0.20 per share, with sales approximately flat as compared to the previous quarter. Analysts currently expect the company to earn $0.21 per share on fourth-quarter revenues of $2.14 billion.