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Applied Materials Inc. Q2 adjusted earnings of $0.70 per share

Applied Materials Inc. (AMAT) released a profit for second quarter that decreased from the same period last year.

The company's bottom line totaled $666 million, or $0.70 per share. This compares with $1100 million, or $1.06 per share, in last year's second quarter.

Excluding items, Applied Materials Inc. reported adjusted earnings of $660 million or $0.70 per share for the period.

The company's revenue for the quarter fell 22.7% to $3.54 billion from $4.58 billion last year.

Applied Materials Inc. earnings at a glance:

-Earnings (Q2): $660 Mln. vs. $1244 Mln. last year.
-EPS (Q2): $0.70 vs. $1.19 last year.
-Revenue (Q2): $3.54 Bln vs. $4.58 Bln last year.

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