Applied Materials Q4 Profit Matches Estimates - Quick Facts

(RTTNews) - Applied Materials, Inc. (AMAT) reported fourth-quarter net income of $290 million or $0.23 per share, compared to $183 million or $0.15 per share, prior year. Adjusted earnings per share was $0.27, for the quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $2.26 billion from $1.99 billion last year. Analysts expected revenue of $2.27 billion for the quarter.

For the first quarter of fiscal 2015, Applied expects net sales to be in the range of flat to up 5 percent from the previous quarter. Non-GAAP adjusted EPS is expected to be in the range of $0.25 to $0.29. Analysts expect the company to report first-quarter earnings per share of $0.31.