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To: robert b furman who wrote (85926)8/19/2016 10:28:09 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 218838
 
Nice!!! I definitely agree, that's the best leading indicator I've seen for these markets, and it's telling us that these markets will eventually resolve MUCH HIGHER!!! Of course, unless it doesn't...<g>

GZ



To: robert b furman who wrote (85926)8/19/2016 10:28:16 AM
From: robert b furman  Respond to of 218838
 
Amat the 800 pouind gorilla in semi equipment reported yesterday:

a company showing growth sequentially - we're beginning to grow globally!!

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Applied Materials Orders Hit Record High, as Profit Surges
17 hours 10 minutes ago - DJNF
By Ezequiel Minaya Applied Materials Inc. on Thursday said orders reached another record high in its third quarter, following a 15-year high the previous three months, as profit surged, stirring hope for robust results in coming quarters.

The price of shares in the company has risen 67% over the past 12 months, and it climbed 5.5% after hours to $29.20, also boosted by strong guidance for the current quarter.

For the October quarter, the company said it expects adjusted earnings per share of between 61 cents and 69 cents, while analysts surveyed by Thomson Reuters expect a more-modest 48 cents. The maker of semiconductor manufacturing tools said record-high orders bode well for results in coming months.

The buoyant order momentum continued into the third quarter from the previous three months. Analysts had expected orders in the period to be around $2.71 billion, which was well below the $3.66 billion actually posted by the company, a 26.5% jump from a year ago.

In the second quarter, orders exceeded the average of analysts' expectations on FactSet by 41% at $3.45 billion, a 37% jump from a year earlier. Company officials had attributed that order surge in part to shifting manufacturing methods for certain chips used in mobile devices that call for stacking layers of circuitry rather than shrinking transistors.

The Santa Clara, Calif., company sells equipment to make chips used in a wide range of products, including mobile phones. Its machines are also used to make displays for TVs and other products.

Profit for the latest quarter was stronger-than-expected, though revenue disappointed the market. Applied said profit rose to $505 million from $329 million a year earlier. On a per-share basis, earnings rose to 46 cents from 27 cents a year earlier, in part reflecting a lower share count. Revenue rose 13.3% to $2.82 billion.

Excluding certain items, per-share profit rose to 50 cents from 33 cents a year ago.

The company had forecast adjusted earnings for the third quarter of between 46 cents and 50 cents, with revenue at about $2.84 billion. Analysts had projected adjusted earnings of 48 cents on revenue of $2.84 billion.

In June, Applied set a fresh $2 billion share-buyback program, following the completion of its $3 billion program