Scalper1 News
No. 2 chip-gear maker Applied Materials ( AMAT ) toasted Wall Street’s current-quarter guidance expectations late Thursday and reported in-line Q2 metrics, prompting shares to rise in after-hours trading. Late Thursday, Applied Materials stock was up more than 4% in after-hours trading Thursday, after the company posted its Q2 earnings results. Shares closed down a penny in the regular session in the stock market today , at 19.91. Top rival ASML ( ASML ) stock fell 1.3% Thursday. Soon-to-merger KLA-Tencor ( KLAC ) and Lam Research ( LRCX ) stocks split the difference, down and up less than 1% each in the regular session. IBD’s 34-company Electronic Semiconductor-Manufacturing industry group fell nearly 1%. For the quarter ended May 1, Applied Materials reported $2.45 billion in sales and 34 cents earnings per share ex items, flat and up 17%, respectively, vs. the year-earlier quarter. Sales edged analyst views for $2.43 billion and EPS beat the consensus for 32 cents. Three months ago, Applied Materials guided to a 5%-10% sequential increase in sales, implying $2.37 billion to $2.48 billion, and 30-34 cents. Applied Materials guided to a 14%-18% quarter-over-quarter jump in current-quarter sales, implying $2.79 billion to $2.89 billion and topping the consensus of 22 analysts polled by Thomson Reuters for $2.51 billion. Sales would be up 14% vs. the year-ago quarter. EPS minus items guidance for 46-50 cents was a dime above Wall Street at the low point, and would be up 45.5%. Scalper1 News
Scalper1 News