MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
MNV
MNV
MNV
MNV
MNV
MNV
MNV


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteValueForum is like having a thousand set of eyes
watching the markets for you.
more testimonials »

Applied Materials Profit Surges, But Expectations Disappoint
Thursday, August 25, 12:40 PM ET

Semiconductor maker Applied Materials (NASDAQ:AMAT) posted a surge in third quarter earnings late yesterday, but disappointed expectations with its forecast.

Profits rose to $476 million, or $0.36 per share, compared to $123 million, or $0.09 per share, in last yearís third quarter.

Adjusted earnings of $0.35 per share beat analyst expectations.

Revenue rose to $2.79 million from $2.52 million last year, also ahead of estimates.

But, Applied Materials said it expects fourth quarter sales to fall 15% to 30% on a sequential basis, with earnings of $0.16 to $0.24 per share. The outlook misses analyst forecasts.

The company is seeing softness in its business resulting from an uncertain economic environment and an overcapacity in the solar sector, CEO Mike Splinter said.

Applied Materials shares are trading down over 2.7% Thursday.

Is the gloom carrying over to other chips stocks?

The Semiconductor HOLDRS (AMEX:SMH) is trading up slightly Thursday.

Applied Materials is the third-largest holding in the fund, behind Intel (NASDAQ:INTC), trading up over .1% Thursday, and Texas Instruments (NASDAQ:TXN), trading down slightly.

Rounding out the top holdings of the fund, Altera (NASDAQ:ALTR) is trading down about .7%, while Analog Devices (NASDAQ:ADI) trades up over .7%.

The iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX) is trading down slightly.

For MarketNewsVideo.com, Iím Kristin Bianco.

Applied Materials Profit Surges, But Expectations Disappoint  picture
Thursday 4/19 Insider Buying Report: CRMThursday 4/19 Insider Buying Report: CRM
Related symbols: CRM
Thursday 4/19 Insider Buying Report: CRMThursday 4/19 Insider Buying Report: CRM
Related symbols: CRM
Wednesday 4/18 Insider Buying Report: RHP, AZOWednesday 4/18 Insider Buying Report: RHP, AZO
Related symbols: RHP,AZO
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
Nasdaq 100 Movers: ALGN, SHPGNasdaq 100 Movers: ALGN, SHPG
Related symbols: ALGN,SHPG,QCOM,AMZN
S&P 500 Movers: PM, SNAS&P 500 Movers: PM, SNA
Related symbols: PM,SNA,ALGN,GWW
Dow Movers: PG, AXPDow Movers: PG, AXP
Related symbols: PG,AXP,INTC,GE
S&P 500 Analyst Moves: HONS&P 500 Analyst Moves: HON
Related symbols: HON
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
Dow Analyst Moves: MMMDow Analyst Moves: MMM
Related symbols: MMM
Dow Analyst Moves: VZDow Analyst Moves: VZ
Related symbols: VZ
Thursday Sector Laggards: Cigarettes & Tobacco, General Contractors & BuildersThursday Sector Laggards: Cigarettes & Tobacco, General Contractors & Builders
Related symbols: PM,MO,KBH,TPH
Thursday Sector Leaders: Banking & Savings, Investment BrokeragesThursday Sector Leaders: Banking & Savings, Investment Brokerages
Related symbols: TCBI,EWBC,RILY,VIRT
Tuesday Sector Laggards: Transportation Services, Banking & SavingsTuesday Sector Laggards: Transportation Services, Banking & Savings
Related symbols: HTZ,CYRX,FNGD,CMA
Thursday's ETF with Unusual Volume: SPTMThursday's ETF with Unusual Volume: SPTM
Related symbols: SPTM,BAC,AMD,ECOM,ACET
Thursday's ETF Movers: FTXO, SMHThursday's ETF Movers: FTXO, SMH
Related symbols: TCBI,EWBC,ON,LRCX,SMH,FTXO
GSG, EDOM: Big ETF OutflowsGSG, EDOM: Big ETF Outflows
Related symbols: GSG,EDOM
Daily Dividend Report: V, KMI, MS, BK, SHWDaily Dividend Report: V, KMI, MS, BK, SHW
Related symbols: V,KMI,MS,BK,SHW
Daily Dividend Report: QCOM, WHR, STBA, PEG, UNMDaily Dividend Report: QCOM, WHR, STBA, PEG, UNM
Related symbols: QCOM,WHR,STBA,PEG,UNM
Daily Dividend Report: NNN, COKE, KNOP, MVC, LGIDaily Dividend Report: NNN, COKE, KNOP, MVC, LGI
Related symbols: NNN,COKE,KNOP,MVC,LGI
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015Weekly Market Wrap: August 14, 2015
Related symbols: BAC,AMAT,AAPL,S,SYY
Weekly Market Wrap: August 7, 2015Weekly Market Wrap: August 7, 2015
Related symbols: SUNE,BAC,CHK,GRPN,AAPL
Weekly Market Wrap: July 31, 2015Weekly Market Wrap: July 31, 2015
Related symbols: BAC,MU,AAPL,SUNE,FB
Week Ahead Market Report: June 8, 2015Week Ahead Market Report: June 8, 2015
Related symbols: BAC,FTR,AAPL,INTC,MNKD
Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
Related symbols: BAC,AAPL,VALE,T
Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
Related symbols: BAC,AAPL,MSFT,ICLD,NOK
All videos » |  Stock market definitions »
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Chart Zero Stock Market Game Stock Market Definitions
MNV

Applied Materials Profit Surges, But Expectations Disappoint | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.