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Auto, truck sales/Factory orders/Bank of Canada policy the day, and closed on an upswing, higher than the open and in the upper quartile of the range.
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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.
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. MoneyShow.com Articles Page::
Moneyshow Provides a wealth of information on stock market trading and investments. Learn how you can succeed with advice, From AMAT Talks (AMAT,ASMI)
http://www.moneyshow.com/artredir.asp?aid=tptp072408-14931HOME |
The Confessions of Saint Augustine: Book 4::
commentary on 4.1.1 beatus qui amat te et amicum in te et inimicum propter te. not to lie in order to gain a chance at baptism), which has discomfited
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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. The Confessions of Saint Augustine, book 4::
error as particularly a form of deviation in the order of knowledge (and hence 10-13 show a marked decline (and a corresponding upswing in vita/vivo, etc.
http://www.georgetown.edu/faculty/jod/conf/comm4.htmlHOME |
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.
AMAT shares lost 2% in after-hours trading.
Also after the close, Network Appliance, Intuit and Salesforce.com also beat estimates.
Economic - RSS Archive::
Economic Slowdown = MBA Upswing. 2008-07-26 00:05:07 cut backs just in order to survival the economic crisis, Rick Wagoner has shown in this
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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.
 Nortel Unveils Vision, Strategy for Israeli High-Performance Net
 Busy Friday Leads to Strong Close for Net Stocks
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