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Stock Market & Financial Investment News

News Breaks
October 25, 2012
12:39 EDTKLACEarnings Preview: KLA-Tencor's Q1 could come in towards low-end of guidance
KLA-Tencor (KLAC) is expected to report Q1 earnings after the market close on Thursday, October 25, with a conference call scheduled for 5:00 pm ET. The consensus estimate is 89c for EPS and $739.97M for revenue, according to First Call. Guidance provided by management on the last earnings call was for EPS 75c-95c on revenue $700-$760M, consensus $829.89M. Bookings for Q1 were guided to $625M- $775M. Piper Jaffray expect the company to report Q1 revenues and EPS in-line, but at the lower end of its guidance. The firm also believes bookings could be biased more to the bottom end, as Piper thinks orders declined across all segments -- given weakness in memory spend and a seasonally slow quarter. However, Piper does expect more than 90% of KLA's September orders to come from foundry and logic customers for 28nm/32nm activity. The firm sees KLA also benefiting from Intel's (INTC) last leg of 22nm spending. Piper estimates gross margins to trend down 250bps quarter-over-quarter to 57% on lower revenues. Although KLA could articulate that bookings could resume in the December quarter, Piper expects recovery to be weak with 28nm foundry off to a slow start -- while modest spending by Intel prevails. However, NAND and DRAM orders remain in hibernation.
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August 15, 2014
11:42 EDTKLACApplied 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).

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