Applied Materials sees Q2 EPS $2.64 +/- 20c, consensus $2.28

Sees Q2 revenue $7.65B +/- $500M, consensus $7.02B. The company said, “This outlook for non-GAAP diluted EPS excludes known charges related to completed acquisitions of $0.01 per share and includes a net income tax benefit related to intra-entity intangible asset transfers of $0.04 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, as well as other tax-related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty.”