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Applied Materials shares surged 5% late Tuesday after the chip equipment giant beat Wall Street profit forecasts and raised expectations for the current quarter. U.S. stocks close down amid worries about economy - MarketWatch::
NEW YORK (MarketWatch) -- U.S. stocks intensified losses Thursday to close a third day of declines this week as Delayed quote data. Add to portfolio. Analyst Both numbers were as expected.
http://www.marketwatch.com/news/story/us-stocks-close-down-amid/sE28E1295}&dist=TNMostReadHOME |
AMAT's pro forma quarterly earnings of 29 cents a share were two cents better than expected and up 20 cents a share from the year-ago quarter. Sales rose 23% to $2.28 billion, below $2.35 billion forecasts, but the company's current quarter forecast of 27-28 cent earnings and flat to up 5% sales was potentially better than expected.
AMAT also said orders this quarter will be up 2-7%, an important predictor of future growth.
"Rapid customer acceptance of our new leading-edge platforms for chemical vapor deposition and metal etch, as well as strong demand for Applied's service products, set the stage for future growth," CEO Mike Splinter said in a statement.
Stocks soared during the day on an Alcoa takeover bid and GM upgrade. What Worked and Sucked Today 3242008 | Index Swing Trading::
AH today where they warned/reported their numbers early. AMAT - Up 4% now and will be holding unless the chart turns. CREE - The bounce continued today.
http://www.stockrake.com/what-worked-and-sucked-today-3242008~2008~03.htmlHOME |
What Do Disneys Numbers Say About the U.S. Economy? - Seeking Alpha::
Add yours below Whats Going on with Sirius XM Stock? on Aug 17, 2008 by Jeff Miller about AMAT, IAT, DVY. ETF Watch: August 8-14
http://seekingalpha.com/article/76249-what-do-disneys-numbers-say-s-economy?source=reutersHOME |
Priceline.com soared 10% after reporting much higher than expected quarterly earnings and sales, and Blue Nile rose 4% despite warning.
Himax and Shanda also gained on their results, while En Pointe and Interactive Intelligence fell on their earnings reports.
Axcelis gained on news that Applied Materials is dropping a competitive offering.
The Nasdaq rose 9 to 2459, the S&P 500 gained 11 to 1444, and the Dow surged 102 to 12,664. Volume rose to 2.65 billion shares on the NYSE, and 1.9 billion on the Nasdaq. Advancers led 23-9 on the NYSE, and 18-11 on the Nasdaq. Upside volume was 78% on the NYSE, and 66% on the Nasdaq. New highs-new lows were 186-26 on the NYSE, and 138-51 on the Nasdaq.
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AMAT's Numbers Add Up