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Applied Materials Inc. Q1 adjusted earnings of $0.81 per share

Applied Materials Inc. (AMAT) reported earnings for its first quarter that rose from the same period last year.

The company's bottom line came in at $771 million, or $0.80 per share. This compares with $165 million, or $0.15 per share, in last year's first quarter.

Excluding items, Applied Materials Inc. reported adjusted earnings of $779 million or $0.81 per share for the period.

The company's revenue for the quarter fell 10.9% to $3.75 billion from $4.21 billion last year.

Applied Materials Inc. earnings at a glance:

-Earnings (Q1): $779 Mln. vs. $1165 Mln. last year.
-EPS (Q1): $0.81 vs. $1.08 last year.
-Revenue (Q1): $3.75 Bln vs. $4.21 Bln last year.

Full year EPS guidance: $0.62 to $0.70
Full year revenue guidance: $3.33 - $3.63 Bln

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