Goldman Sachs Anticipates Applied Materials Earnings Results

Goldman Sachs expects Applied Materials Inc. AMAT to report results that are “in-line with or modestly above GS and the Street” considering: (1) “Applied's large $3.5 bn backlog.” (2) “The fact that peers Novellus and Lam reported 1QCY11 shipments that were within their guidance range, albeit both below the mid-point.” “Both our and the Street's revenue estimates are in-line with management guidance for 1QCY11 revenues to be flat to +5% qoq,” Goldman Sachs writes. “Our $0.36 estimate is below the Street at $0.37, and in-line with guidance of $0.34 to $0.38.” Applied Materials closed Friday at $14.09.