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Stock Market & Financial Investment News

News Breaks
August 15, 2014
11:42 EDTKLIC, LRCX, KLAC, AMATApplied Materials rises following strong profit, gross margin, order growth
Shares of semiconductor equipment maker Applied Materials (AMAT) are advancing after posting strong third quarter profit, adjusted gross margin, and order growth. WHAT'S NEW: Last night, Applied Materials reported Q3 adjusted earnings per share of 28c and revenue of $2.27B, compared to analysts’ consensus estimates of 27c and $2.29B, respectively. Q3 adjusted gross margin came in at 45.5%, up 260 basis points year-over-year, and up 130 basis points sequentially. Q3 orders of $2.48B, increased 24% year-over-year led by SSG year-over-year order growth of $362M. President and CEO Gary Dickerson said, “We have focused our strategy and investments in areas that have the largest impact for customers while driving improvements in execution and speed across the company. With these actions, we have improved our operating margins for seven quarters in a row and are making substantial progress towards our long-term financial model." WHAT’S NOTABLE: For the fourth quarter, Applied Materials expects adjusted EPS of 25c-29c, versus consensus of 26c. Q4 revenue is expected to be approximately flat, plus or minus 3% sequentially, and up by approximately 10%-17% from the year-ago period, compared to consensus of $2.28B. PRICE ACTION: In late morning trading, Applied Materials rose $1.04, or about 5%, to $22.19 on heavy trading volume. Including today’s advance, the stock has gained approximately 45% over the past twelve months. OTHERS TO WATCH: Other companies in the semiconductor equipment space include Lam Research (LRCX), Kulicke and Soffa (KLIC), and KLA-Tencor (KLAC).
News For AMAT;LRCX;KLIC;KLAC From The Last 14 Days
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June 26, 2015
06:38 EDTKLACKLA-Tencor backs Q4 non-GAAP EPS 78c-$1.02, consensus 91c
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06:37 EDTKLACKLA-Tencor to recognize $26M-$36M in costs related to workforce reduction
KLA-Tencor currently estimates that, in connection with the global employee workforce reduction plan, it will recognize net charges in the range of approximately $26M-$36M for estimated severance costs and other related costs. Substantially all of these net charges are expected to be cash expenditures. The company expects to recognize a majority of these charges in the fourth quarter of fiscal year 2015. On April 23, 2015, the company announced a plan to reduce its global employee workforce by up to 10% to streamline its organization and business processes in response to changing customer requirements in its industry. The goal of this reduction is to enable continued innovation and direct the company’s resources toward its best opportunities. The company expects to substantially complete the employee reduction by the end of the first quarter of fiscal year 2016, but certain reductions will occur in the second quarter of fiscal year 2016.
June 24, 2015
10:00 EDTAMATOn The Fly: Analyst Upgrade Summary
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07:12 EDTAMATApplied Materials upgraded to Conviction Buy from Buy at Goldman
Goldman added Applied Materials to the Conviction Buy List with a $24 price target due to the accelerating 3D NAND product cycle, increased focus on the core business, and capital allocation. The firm believes the July SEMICON meeting will be a catalysts for shares and provide constructive commentary on fundamentals.
June 22, 2015
10:47 EDTAMATCadence Design and Applied Materials collaborate on joint development program
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