Applied Materials (NASDAQ:AMAT) reported Q3 non-GAAP earnings of $1.90 per diluted share, down from $1.94 a year earlier.
Analysts polled by Capital IQ expected $1.75.
Net sales for the quarter ended July 30 were $6.43 billion, down from $6.52 billion a year earlier.
Analysts surveyed by Capital IQ expected $6.16 billion.
The company said it expects Q4 non-GAAP diluted EPS between $1.82 and $2.18 on net sales of about $6.51 billion, plus or minus $400 million.
Analysts polled by Capital IQ expect normalized EPS of $1.60 on revenue of $5.87 billion.