Applied Materials beat Wall Street estimates after the close on Wednesday, and also reported a strong sequential increase in new orders.
AMAT's fiscal fourth-quarter earnings of 15 cents a share were down from 27 cents in the year-ago quarter, but a penny ahead of estimates. Sales of $1.72 billion were down 22%, but were well ahead of $1.63 billion forecasts. Focus Letter::
This time the pace was more gradual on this upswing and volume declined steadily In order for the bulls to gain a strong foothold, that selling would need to
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And a 15% sequential increase in new orders to $1.69 billion suggests that chip equipment demand may be on the upswing.
"We closed fiscal 2005 on a positive note as customers began increasing orders and investing in new capacity and next-generation nanotechnology to prepare for further industry growth," AMAT CEO Mike Splinter said in a statement. 24/7 Wall St.: Semiconductor::
remain cautious on the macroeconomic front, based on strong ordering trends from The company showed orders trending down with that levels recorded as $3.22
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A tale of two investors - Bet on China or the U.S.? | Investing for ::
Our upgrade is based on our view of AMATs favorable end markets and our belief deep recession, but the economy would be on the upswing right now, having
http://www.moneyrelations.com/2007/12/27/a-tale-of-two-invs-bet-on-china-or-the-us/HOME |
The company offered mixed guidance for its January quarter: earnings of 14-15 cents a share would come in below 17-cent estimates, but sales of $1.77-$1.8 billion would be comfortably above $1.72 billion forecasts.
AMAT's quarterly report card followed a CIBC downgrade of the chip equipment sector during the day. CIBC rated the sector "underweight" based on high stock valuations, rising costs and competitive pricing, concerns underscored by AMAT's mixed guidance. Videos related to the portfolios: TECH 1 - Stockpickr! Your Source for ::
A AAPL AMAT AUY MO NBR RIMM SGP SIRI V. April 03, 2008. The Real continued riding the wave of last weeks rally amid an upswing in the financial sector.
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U.S. indexes slump amid regulatory concerns, tech notes - Aug. 23, 2002::
day-to-day, because there isnt support for that kind of upswing. rates and the resilience of manufacturing, while tech needs orders -- and right
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AMAT shares lost 2% in after-hours trading.
Also after the close, Network Appliance, Intuit and Salesforce.com also beat estimates.
The broader market was mixed Wednesday, as traders were torn between a positive consumer inflation report and rising energy prices. A warning from American Express and continuing concern about GM weighed on the Dow.
The Nasdaq rose 1 to 2188, the S&P 500 climbed 2 to 1231, and the Dow lost 11 to 10,675. Volume declined to 2.12 billion shares on the NYSE, and 1.72 billion on the Nasdaq. Decliners led 17-16 on the NYSE, and 18-12 on the Nasdaq. Upside volume was 51% on the NYSE, and 51% on the Nasdaq. New highs-new lows were 46-217 on the NYSE, and 66-100 on the Nasdaq.
Yahoo rose 6% on a deal with Gawker Media and plans to overhaul its shopping offerings, while Apple hit a new all-time high on a Bear Stearns upgrade.
Analog Devices slipped 2% on its earnings report, while Blue Coat tumbled 19% after missing estimates.
Intellisync fell 8% on news that it will be acquired by Nokia.
Overland Storage lost 10% after ADIC withdrew its takeover offer.
Pomeroy tumbled 18% after missing an SEC filing deadline.
China Techfaith soared 36% on its results.
Advent Software fell 7% on a JMP Securities downgrade.
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