Applied Materials (NASDAQ:AMAT) Fiscal Q2 Non-GAAP EPS, Revenue Gain; Q3 Outlook Set

Applied Materials (NASDAQ:AMAT) reported fiscal Q2 non-GAAP adjusted earnings per diluted share of $2, up from $1.85 last year.

Analysts polled by Capital IQ expected a normalized EPS of $1.83.

Revenue for the quarter ended April 30 was $6.63 billion, up from $6.24 billion a year ago.

Analysts surveyed by Capital IQ expected $6.37 billion.

For fiscal Q3, Applied expects net sales of about $6.15 billion, plus or minus $400 million, and non-GAAP diluted EPS of $1.56 to $1.92. Analysts expect normalized EPS of $1.64 and revenue of $6.05 billion.

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