text: Applied Materials Profit Up  SAN FRANCISCO (Reuters) - Applied Materials Inc. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=AMAT.O target=/stocks/quickinfo/fullquote"&gt;AMAT.O&lt;/A&gt;,  the largest producer of chip-making equipment, on Wednesday  said demand for advanced manufacturing tools pushed quarterly  profit and sales higher, but warned that chip oversupply would  lead to lower orders and sales in the current quarter.