Applied Materials Quarterly Loss Widens
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From Bloomberg News
Applied Materials Inc., the biggest maker of computer chip production equipment, said its first-quarter loss widened because of costs to reduce overhead.
The net loss widened to $65.7 million, or 4 cents a share, from $45.5 million, or 3 cents, in the year-earlier period. Sales rose 5% to $1.05 billion.
Santa Clara, Calif.-based Applied Materials lost 11 cents to $11.94 on Nasdaq before the earnings announcement.
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