Applied Materials posts
FeedPosted Nov 8th 2009 6:40PM by Sheldon Liber (RSS feed)
Filed under: Earnings reports, Rants and raves, Applied Materials (AMAT), Sunday Funnies
In this week's (November 9) Preview Section of Barron's (subscription required) I was surprised to find that on Wednesday (11/9) it is noted that Computer Sciences (CSC), Applied Materials (AMAT), and Macy's (M) reported "profits." How do they know this?
On other days they refer to the "earnings" of various companies reporting. Perhaps I am splitting hairs, perhaps it is editorial haste (like you might find on our site), or perhaps there is no difference in some people's minds? From my perspective there is a difference between earnings and profits. Every quarter, public companies report their earnings. They do not always report a profit.
Continue reading Sunday Funnies: Barron's predicting profits?
Posted Aug 15th 2009 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), Blockbuster Inc 'A' (BBI), Applied Materials (AMAT), CIT Group (CIT), Sara Lee Corp (SLE), Kohl's Corp (KSS), Hormel Foods (HRL), Liz Claiborne (LIZ), Lions Gate Entertainment (LGF)
Continue reading Earnings highlights: Blockbuster, Walmart, Applied Materials, ING, Priceline ...
Posted Aug 12th 2009 9:20AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Applied Materials (AMAT), Technology
I'm indecisive about Applied Materials (NASDAQ: AMAT). The semiconductor company, which also works with solar photovoltaic cells, is starting to look like a good trade to me. However, I still shudder when I examine the numbers. What I've got to keep telling myself, I guess, is that the market is a discounting mechanism, and that now may be the time to act.
According to the press release, which was issued after the market closed on Tuesday, net sales decreased 39% in the third quarter. Adjusted earnings came in at 0 cents per share. That was obviously much less than the 17 cents per share earned one year ago. According to Reuters, which made a further adjustment for equity-based compensation, Applied Materials lost 3 cents per share. The market was expecting a loss of 8 cents per share. The top line beat projections as well.
Continue reading Applied Materials beats in Q3: Time to trade?
Posted Jun 2nd 2009 12:30PM by Brent Archer (RSS feed)
Filed under: Major movement, Bad news, Management, Industry, Applied Materials (AMAT), Options, Technical Analysis
Applied Materials (NASDAQ: AMAT - option chain) stock is falling today after company CEO Mike Splinter said that weak demand and high development costs could lead to multiple failures in the semiconductor equipment sector. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on AMAT.
This morning, AMAT opened at $11.87. So far today the stock has hit a low of $11.53 and a high of $11.88. As of 11:30, AMAT is trading at $11.57, down $0.49 (-4.1%). The chart for AMAT looks bullish and S&P gives AMAT a positive 4 STARS (out of 5) buy ranking.
Continue reading Applied Material (AMAT) CEO predicts failing chip companies
Posted May 16th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), International Business Machines (IBM), Sony Corp ADR (SNE), Penney (J.C.) (JCP), Blockbuster Inc 'A' (BBI), Applied Materials (AMAT), Whole Foods Market (WFMI), Kohl's Corp (KSS), Abercrombie and Fitch (ANF), Nordstrom, Inc (JWN), Liz Claiborne (LIZ), MBIA Inc (MBI), World Wrestling Entertainment (WWE)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, JCPenney, Freddie Mac, Playboy, Whole Foods and more
Posted May 14th 2009 9:20AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Apple Inc (AAPL), Hewlett-Packard (HPQ), Applied Materials (AMAT), Technology
Applied Materials (NASDAQ: AMAT) reported Q2 numbers earlier in the week. They were dismal, to say the least. According to Jon Ogg's Closing Bell on Wednesday, the semiconductor business saw its top line reduced by 50%, and the adjusted loss came to 10 cents per share. Yes, yes, that met expectations. So what? The article also mentioned that the solar operation wasn't doing so hot.
Looking through the actual earnings release, I don't see a lot of things that would make a shareholder happy. Backlog was down. Applied Materials had to use cash to keep things going over the last six months (obviously investors would rather see cash generated from operations). And CEO Mike Splinter described the current climate as very tough in terms of customer demand.
Continue reading Applied Materials has a bad Q2
Posted May 10th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Wal-Mart (WMT)
As earnings season begins to wind down, some apparel retailers are scheduled to report quarterly results this week. Analysts polled by Thomson Reuters anticipate that Walmart Stores Inc. (NYSE: WMT), the 800-pound gorilla in the space, will report that it earned $0.77 per share in the first quarter, about the same as in the first quarter of last year. But JCPenney Co. (NYSE: JCP), Kohl's Corp. (NYSE: KSS), Nordstrom Inc. (NYSE: JWN), and Urban Outfitters Inc. (NASDAQ: URBN) are expected to report lower profits for the first quarter as consumers continued to hold off on spending. Macy's Inc. (NYSE: M) and Abercrombie & Fitch Co. (NYSE: ANF) are expected to have swung to a loss year over year.
Whole Foods Market Inc. (NASDAQ: WFMI) and Winn Dixie Stores Inc. (NASDAQ: WINN) are likewise expected to report declining earnings, while the Great Atlantic & Pacific Tea Co. (NYSE: GAP), parent of the A&P supermarket chain, is expected to have narrowed its net loss 68.9% to $0.28 per share.
Continue reading The week in preview: A peek at apparel retail earnings
Posted Feb 14th 2009 3:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Viacom (VIA), Applied Materials (AMAT), Chipotle Mexican Grill'A' (CMG), Research in Motion (RIMM), Level 3 Communications (LVLT), Qwest Communications Intl (Q)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Viacom, UBS, RIM, ArcelorMittal, Lions Gate, McAfee and others
Posted Feb 9th 2009 5:00PM by Mark Fightmaster (RSS feed)
Filed under: Applied Materials (AMAT)
Applied Materials, Inc. (NASDAQ:
AMAT) is set to post earnings tomorrow, with estimates calling for the company to lose a penny per share in the latest quarter. According to
Bloomberg, the company expects to report earnings that range from break-even, to a loss of two cents with the range from analysts checking in being between a gain of eight cents to a loss of a penny.
AMAT is the world's largest producer of semiconductor production equipment, and its report could certainly set the tone for trading in the sector. The firm has already tempered expectations for the results, announcing that it expects revenue to fall 35% for the quarter, thanks to numerous factors, including the economy and slumping demand. Couple the economic situation with a worldwide slowdown in demand (the first year-over-year drop since 2001), and the situation doesn't look great for AMAT.
Continue reading Applied Materials will report quarterly earnings tomorrow
Posted Feb 8th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Coca-Cola (KO), PepsiCo (PEP), Coca-Cola Enterprises (CCE)
It's about that time again: Pepsi vs. Coke. No, not another taste test or another Battle of the Brands. It's time for the next quarterly results from these two soft drink titans.
Analysts surveyed by Thomson Reuters anticipate that PepsiCo Inc. (NYSE: PEP), global beverage and snack food giant, will report fourth-quarter earnings this week that are 9.1% higher that a year ago, or $0.88 per share. Revenue is expected to total $12.8 billion, which is 3.9% higher than last year. For the full year, the profit is expected to be $3.67 per share on revenue of $43.4 billion, up from $3.38 per share on $39.5 billion in 2007. PepsiCo's earnings met or beat estimates in four of the past five quarters, but missed by only two cents per share in the third quarter. The consensus recommendation of analysts remains to buy PEP. The share price fell to a 52-week low in January and is now 24.4% lower than it was a year ago. During the fourth quarter, PepsiCo declared a $0.42 per share quarterly dividend, agreed to acquire a Spitz International, and announced investments in China and Mexico.
Continue reading The week in preview: Coke versus Pepsi
Posted Feb 8th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Toyota Motor Corp. (TM), Walt Disney (DIS), Applied Materials (AMAT), Clorox Co (CLX), Merck and Co (MRK), News Corp'B' (NWS), Burger King Hldgs (BKC), Akamai Technologies (AKAM)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Toyota, Disney, Merck, Marathon, News Corp. and others
Posted Nov 15th 2008 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Google (GOOG), Wal-Mart (WMT), Intel (INTC), Sirius Satellite Radio (SIRI), Applied Materials (AMAT), Procter and Gamble (PG), Kohl's Corp (KSS), Abercrombie and Fitch (ANF), Cypress Semiconductor (CY), Nordstrom, Inc (JWN), Crocs Inc (CROX), Blackstone Group L.P (BX)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, Google, Intel, P&G, Sirius, Blackstone and others
Posted Nov 13th 2008 4:40PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Intel (INTC), Applied Materials (AMAT), Technology
I was checking out Applied Materials (NASDAQ: AMAT) today to see how the stock was reacting after its earnings report. At the time I began writing this, the shares were up over 3% to $10.25 per stub; as I was about to send it off to be published, it was up over 5% to $10.49. The market is kidding me, right?
Melly Alazraki reported on the company's data this morning. The $0.20 per share in adjusted earnings booked for the fourth quarter beat expectations by three pennies. Yeah, I know, beating estimates is the big game on Wall Street. And yes, it is a good thing. However, not every earnings-beat is equal. You have to look at each business carefully and evaluate it relative to the macro environment. Applied Materials will be cutting 1,800 jobs. The market likes that, of course, and believes that cost savings will help profits down the line. However, cutting jobs isn't necessarily a sign that a business is about to get stronger; sometimes, it means the opposite. Also, top-line sales declined by double digits, and with bad news coming from Intel Corporation (NASDAQ: INTC), we know that the slowdown is going to get worse. Furthermore, the market drop earlier today is confirming that bad times will be with us for a while.
In that context, I can't see buying Applied Materials. I mean, up 5%? I know the argument -- you've got to start discounting better times and pick up shares when their cheap. Yeah, right. It is true that the market will do that at some point but we're not there yet. Back in August, I wrote about Applied Materials' Q3 numbers. The stock was higher at that point, and it was working off a higher 52-week low. Now, things have turned south on both counts. And I think they could go further south. At a time when even buying Microsoft Corporation (NASDAQ: MSFT) is an exercise in fear-management, I don't think Applied Materials is a tech stock that should be on anyone's list of investment ideas.
Disclosure: I don't own any company mentioned; positions can change at any time.
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