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Technology Stocks : Earnings: Semiconductor
INTC 41.34-0.4%Oct 29 3:59 PM EDT

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To: 2MAR$ who started this subject2/19/2004 12:16:41 AM
From: 2MAR$  Read Replies (1) of 266
 
** AMAT... ($21.70~$23.50) the largest chip equipment maker on the planet
announced net income, minus one-time charges, of 12 cents a
share. This is 4 cents above the 8-cent analyst estimates and
significantly better than its breakeven results from last year.
New orders for the quarter rose 32%. Furthermore AMAT's CFO said
new orders will likely rise 30% in the second quarter and they
will probably beat analysts' estimates. This of course will
force a round of upward revisions for the company as the analyst
community readjusts their forecasts. The company expects Q2
earnings in the 17-19 cent range, which is well above current
estimates at 11 cents a share and sales were likely to rise 20%
from Q1 levels.
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