Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: robert b furman who wrote (25077)	2/16/2012 5:57:12 PM
From: Gottfried	of 25522

Bob, we'll have to scour the earnings statement for backlog numbers. The Street likes the report "Chip gear maker Applied Materials (AMAT) late Thursday beat Wall Street's expectations for its fiscal first quarter and raised guidance for the current quarter. Shares jumped in after-hours trading. Applied earned 18 cents a share excluding items, beating analyst expectations by six cents, for the quarter ended Jan. 29. Year-over-year EPS fell 50%. The Santa Clara, Calif.-based company generated revenue of $2.19 billion, down 19%, but better than the $1.97 billion forecast by analysts. Applied's Q1 results were boosted by its acquisition of Varian Semiconductor Equipment Associates and stock buybacks. The company spent $200 million to repurchase more than 18 million shares of common stock last quarter. It also pointed to strong sales of smartphones and tablets driving chip and chip equipment sales" news.investors.com right now shares are at $13.80

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