Applied Materials Inc. reported unaudited consolidated earnings results for the second quarter and six months ended April 28, 2013. For the quarter, the company reported net sales of $1,973 million against $2,541 million a year ago. Loss from operations was $68 million against income from operations of $409 million a year ago. Net loss was $129 million or $0.11 per basic and diluted share against net income of $289 million or $0.22 per basic and diluted share a year ago. Non-GAAP adjusted operating income was $285 million against $490 million a year ago. Non-GAAP net income was $199 million or $0.16 per basic and diluted share against $349 million or $0.27 per basic and diluted share a year ago. Loss before income taxes was $90 million against income before income taxes of $387 million a year ago. Cash provided by operating activities was $224 million against $603 million a year ago. Capital expenditures were $51 million against $39 million a year ago. For the six months, the company reported net sales of $3,546 million against $4,730 million a year ago. Loss from operations was $29 million against income from operations of $588 million a year ago. Net loss was $95 million or $0.08 per basic and diluted share against net income of $406 million or $0.31 per basic and diluted share a year ago. Loss before income taxes was $72 million against income before income taxes of $546 million a year ago. Non-GAAP operating income was $397 million against $834 million a year ago. Non-GAAP net income was $268 million or $0.22 per basic and diluted share against $589 million or $0.45 per basic and diluted share a year ago. Cash provided by operating activities was $240 million against $784 million a year ago. Capital expenditures were $100 million against $76 million a year ago. For the third quarter of fiscal 2013, the company expects net sales to be up slightly from the previous quarter. The company expects non-GAAP adjusted EPS to be in the range of $0.16 to $0.20. The non-GAAP adjusted EPS outlook excludes known charges related to completed acquisitions of approximately $0.04 per share but does not exclude other non-GAAP adjustments that may arise subsequent to this release. The company expects non-GAAP operating expenses to be in the range of $550 million, plus or minus $10 million For the second quarter, the company reported impairment of goodwill and intangible assets of $278 million. For the full year of fiscal 2013, the company still expect the full year effective tax rate to be between 24% and 26%. CapEx guidance of flat to down 10%.

Applied Materials, Inc. announced that they will report Q2, 2013 final results on May 16, 2013

Applied Materials, Inc. Presents at Sixth Annual Solar Summit, Apr-23-2013 04:00 PM. Venue: The Wigwam Resort, 300 East Wigwam Boulevard, Litchfield Park, AZ 85340, United States. Speakers: Charlie Gay, President of Applied Solar Business.