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What to Look For When Applied Materials (AMAT) Reports Q3 Earnings

NEW YORK (TheStreet) -- Shares of Applied Materials (AMAT) were lower in early afternoon trading on Tuesday as the Santa Clara, CA-based semiconductor company is slated to report third quarter earnings and revenue after Thursday's closing bell.

Wall Street is looking for Applied Materials to post earnings of 48 cents per share and $2.84 billion in revenue.

For the same quarter last year, the company reported earnings of 33 cents per share on revenues of $2.49 billion.

Applied Materials expects third quarter adjusted earnings to be in the range of 46 cents to 50 cents per share. It also...