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Stock Market & Financial Investment News

News Breaks
November 15, 2012
13:40 EDTAMATEarnings Preview: Applied Materials to report decline in silicon system revenue
Applied Materials (AMAT) is expected to report Q4 earnings after the market close on Thursday, November 15, with a conference call scheduled for 4:30 pm ET. The consensus estimate is 3c for EPS and $1.58B for revenue, according to First Call. Like most of the semi group, Applied Materials has had a tough year. Revenues and EPS have fallen year-over-year for four straight quarters. Guidance from the last earnings call for Q4 is adjusted EPS of 0c-6c on revenue that is 25%-40% lower than Q3's $2.34B. Piper Jaffray estimates Q4 sales to decline 33% to $1.56B, in-line with its guidance. The firm believes silicon systems revenues were down 50% quarter-over-quarter to $773M which likely is the near term trough. Overall orders for Q4 were down 17% quarter-over-quarter to $1.49B. Piper sees 1Q13 orders to grow 10% quarter-over-quarter compared to their prior view of a big snap-back. Overall orders likely improve 5% quarter-over-quarter, with Silicon orders expected to be up 10% quarter-over-quarter. Piper views the Solar segment to remain dormant while the Display segment recovers modestly.
News For AMAT From The Last 14 Days
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August 15, 2014
11:42 EDTAMATApplied 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).
August 14, 2014
19:08 EDTAMATOn The Fly: After Hours Movers
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16:04 EDTAMATApplied Materials sees Q4 adjusted EPS 25c-29c, consensus 26c
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16:03 EDTAMATApplied Materials reports Q3 adjusted EPS 28c, consensus 27c
Reports Q3 revenue $2.27B, consensus $2.29B. Reports Q3 orders of $2.48B, up 24% year over year led by SSG year-over-year order growth of $362M. Reports Q3 adjusted gross margin 45.5%, up 260 basis points year over year.
15:03 EDTAMATNotable companies reporting after market close
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11:50 EDTAMATApplied Materials technical comments ahead of earnings
The stock has outperformed the broader averages in the prior three months, trading up over 11%. The trend has been mixed in the interval, with a strong bullish trend initially followed by a bearish dip in the last several weeks. Current price is near the middle of the range for the quarter at $18.50 at the low and $23 at the high. Those two bounds give us some objective measure for determining where price may go depending on the nature of the earnings news. On better than expected results or guidance, a run back to $23 could be expected. The 52-week high is at $23.46. If that were taken out on the upside on a major positive surprise, next resistance would be at $24.41, a price last seen in 2004. If the news disappoints, a test down to the low of the range at $18.50 can be expected. A breakdown below $18 would snap the uptrend in place for the last two years. Support in that event would be at $17.55.
07:19 EDTAMATApplied Materials August volatility increases into Q3 and outlook
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August 13, 2014
16:00 EDTAMATOptions Update; August 13, 2014
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06:05 EDTAMATApplied Materials implied volatility of 41 at upper end of index mean range
August 11, 2014
06:11 EDTAMATApplied Materials implied volatility of 40 at upper end of index mean range
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August 8, 2014
06:05 EDTAMATApplied Materials implied volatility of 40 at upper end of index mean range
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