Applied Materials, Inc. stock price

Applied Materials, Inc. latest news:


  • 11/16/2017 15:37:03

    Applied Materials shares rise after hours following earnings, outlook beat

    Applied Materials Inc. shares rose in the extended session Thursday, following an initial dip, after the chip-materials company's quarterly results and outlook topped Wall Street estimates. Applied Materials shares, which slipped about 2% at first, later rose 2% to $59 after hours, following a 3.7% gain during the regular session. At the close, shares were up 79% for the year. The company reported fiscal fourth-quarter net income of $982 million, or 91 cents a share, compared with $610 million, or 56 cents a share, in the year-ago period. Adjusted earnings were 93 cents a share. Revenue rose to $3.97 billion from $3.3 billion in the year-ago period. Analysts surveyed by FactSet had estimated 91 cents a share on revenue of $3.94 billion. For the fiscal first quarter, Applied Materials estimates earnings of 94 cents to $1.02 a share on revenue of $4 billion to $4.2 billion. Analysts expect earnings of 91 cents a share on revenue of $3.97 billion for the first quarter.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/16/2017 14:15:49

    Applied Materials shares shed some of day's gains after earnings beat

    Applied Materials Inc. shares declined in the extended session Thursday even after the chip-materials company's quarterly results and outlook topped Wall Street estimates. Applied Materials shares declined 2.5% to $56.44 after hours, following a 3.7% gain during the regular session. At the close, shares were up 79% for the year. The company reported fiscal fourth-quarter net income of $982 million, or 91 cents a share, compared with $610 million, or 56 cents a share, in the year-ago period. Adjusted earnings were 93 cents a share. Revenue rose to $3.97 billion from $3.3 billion in the year-ago period. Analysts surveyed by FactSet had estimated 91 cents a share on revenue of $3.94 billion. For the fiscal first quarter, Applied Materials estimates earnings of 94 cents to $1.02 a share on revenue of $4 billion to $4.2 billion. Analysts expect earnings of 91 cents a share on revenue of $3.97 billion for the first quarter.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/19/2017 23:49:41

    BRIEF-TSMC orders machinery equipment worth T$2.1 bln

    * Says it orders machinery equipment worth T$2.1 billion ($69.43 million) from Lam Research International Sarl, Applied Materials South East Asia Pte Ltd

  • 09/27/2017 13:51:28

    Applied Materials to buy back $3 billion in shares, sees $5.08 EPS by 2020

    Shares of Applied Materials Inc. surged Wednesday on positive momentum in the chip sector and the chip materials company's long-term forecast and share buyback program. Applied Materials shares rallied 6.9% to $49.09, helped in part by Micron Technology Inc.'s strong forecast for memory chips, and are up 52% year to date. Applied Materials forecast adjusted earnings of $5.08 a share in fiscal 2020 as Internet-of-things applications, Big Data and artificial intelligence drive computing demand. For the current year, analysts surveyed by FactSet expect fiscal earnings of $3.21 a share. The company also announced a new $3 billion share repurchase program in addition to the $995 million that remains on an earlier program. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/27/2017 00:11:56

    BRIEF-TSMC orders machinery equipment from Applied Materials South East Aisa

    Taiwan Semiconductor Manufacturing Co Ltd(TSM). * Says it orders machinery equipment worth T$1.94 billion from Applied Materials South East Asia Pte Ltd. Source text for Eikon: Further company coverage:

  • 09/18/2017 06:45:41

    Applied Materials' stock rallies after RBC raises rating, price target

    Shares of Applied Materials Inc. rallied 1.4% in premarket trade Monday, after the chip equipment company was upgraded at RBC Capital, which was upbeat about the company's wafer front end (WFE) business. Analyst Amit Daryanani raised the rating to outperform from sector perform and boosted the price target to $55 from $48. Daryanani said that with about 34% of revenue coming from display and services, Applied Materials is better positioned to deal with WFE cyclicality compared with its peers. "While we understand cyclical concerns, we think current WFE levels are sustainable for a longer time frame" given a material shift in capital intensity, which should allow the company to guide fiscal 2020 earnings per share to above $4.00 at the analyst day scheduled for Sept. 27. The stock has run up 9.4% over the past three months through Friday, while the PHLX Semiconductor Index has climbed 7.4% and the S&P 500 has gained 2.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/05/2017 14:39:34

    BRIEF-Applied Materials Inc ‍enters into extension for $1.5 bln credit agreement

    Applied Materials Inc(AMAT). * Applied Materials Inc(AMAT) - ‍Entered into an extension agreement for U.S. $1.5 billion credit agreement dated as of September 3, 2015​ - SEC filing. * Applied Materials Inc (AMAT) - ‍Extension agreement extended termination date of lenders' commitments under credit agreement to September 3, 2021​ Source text: Further company coverage:

  • 09/05/2017 11:06:13

    Chip maker stocks drop sharply, drag on broader tech sector

    Semiconductor makers weighed heavily on the tech sector Monday, which in turn helped drag down the broader stock market, with those losses accelerating around mid-session. The PHLX Semiconductor Index fell 2.1% to 1,096, as shares of Qualcomm Inc. fell 3.9% and shares of Nvidia Corp. dropped 3.5%. Advanced Micro Devices Inc. shares declined 3.6%, Micron Technology Inc. shares shed 2.7%, Applied Materials Inc. fell 2.5%, Analog Devices Inc. shares fell 2.7%, Xilinx Inc. shares declined 2.6%, Broadcom Ltd. shares slid 2.1%, and Texas Instruments Inc. shares fell 1.5%. Shares of Intel Corp. , however, were only down 0.4%. As the S&P 500 index fell 1.2%, tech was the index's second worst performing sector, down 1.6%. The tech-heavy Nasdaq Composite Index fell 1.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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