Reuters: Hot Stocks: Applied Materials revenue falls on lower chip equipment orders

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

The Best Way to Manage your Money. Start using Mint today to set a budget, track your goals and do more with your money. From our sponsors

Applied Materials revenue falls on lower chip equipment orders Aug 15th 2013, 20:12 Thu Aug 15, 2013 4:12pm EDT Aug 15 (Reuters) - Applied Materials reported lower quarterly revenue because of a fall in demand for its equipment used in manufacturing chips. Net income fell to $168 million, or 14 cents per share, in the third quarter, from $218 million, or 17 cents per share, a year earlier. Excluding items, the company earned 18 cents per share. Revenue fell 16 percent to $1.98 billion in the quarter ended July 28. Applied Materials supplies to companies including Samsung Electronics Co Ltd and Taiwan Semiconductor Manufacturing Co Ltd. Shares of the company were down 2 percent at $14.97 in extended trading. (Reporting by Neha Alawadhi and Supantha Mukherjee in Bangalore; Editing by Joyjeet Das)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions