Fortinwit, re track records: please read the August '97 Reuters
stories below for some earnings predictions. Earnings for '98
are $1.10 and for '99 $ 0.60 consensus. quote.yahoo.com
Example:
CS First Boston said it raised its earnings estimates on APPLIED MATERIALS INC. to $2.70 a share from $2.51 a share for 1997. It raised the 1998 estimate to $4.23 a share from $3.64 a share.
Emphasis added.
Applied Materials Inc. (AMAT)
Semiconductor equipment stocks rallied after APPLIED MATERIALS reported 3Q
EPS of $0.77, which was well above analyst's expectations of $0.68. The company
also reported bookings of $1.24 billion, an increase of 22.5% from last year, and said
that gross margins expanded to 47.2%. Separately, the company announced a trio of
deals worth more than $235 million. Investors saw this as proof that the sector is
recovering nicely from the downturn experienced last year. Investor bid up KLA
TENCOR CORP, LAM RESEARCH CORP, TERADYNE INC, and NOVELLUS
SYSTEMS INC.
Applied Materials Inc. (AMAT)
CS First Boston said it raised its earnings estimates on APPLIED MATERIALS INC.
to $2.70 a share from $2.51 a share for 1997. It raised the 1998 estimate to $4.23 a
share from $3.64 a share. Applied Material, the biggest manufacturing of chip making
equipment, posted 3Q profit from operations of $0.77 a share, beating analysts'
estimates of $0.68 a share. Meanwhile, Lehman Brothers said it raised its fiscal 1997
estimate to $2.71 a share from $2.50 a share. (Reuters 10:02 AM ET 08/13/97)
Applied Materials Inc. (AMAT)
Alex. Brown said it upgraded APPLIED MATERIALS INC. to buy from market
perform. After the market closed Tuesday, Applied Materials posted third-quarter
profit from operations of $0.77 a share, beating Wall Street estimates of $0.68 a
share. Meanwhile, Salomon Brothers said it upgraded Applied to strong buy from
hold. (Reuters 11:43 AM ET 08/13/97)
Applied Materials Inc. (AMAT)
APPLIED MATERIALS INC gained market share from competitors during its
recently completed 3Q, CEO James Morgan said on cable T.V. network CNBC.
"What we are seeing is clear market share gains in every product area," Morgan said.
He said the industry move to smaller and faster microchips, such as those 0.25 micron
and below, helped propel earnings. The company saw its largest sales quarter ever in
the United States and sales in the Asia Pacific region continued to grow. Applied
Materials will focus on growing internal operations and will use acquisitions selectively,
Morgan said. (Reuters 04:20 PM ET 08/13/97)
Gottfried
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