Applied Materials Sees Q1 2011 EPS of $0.30 to $0.34

Applied Materials, Inc. AMAT: For the first quarter of fiscal 2011, Applied expects net sales to be down in the range of 8 percent to 15 percent quarter over quarter. The company expects non-GAAP EPS to be in the range of $0.30 to $0.34, which excludes known charges related to completed acquisitions of approximately $0.01 per share.