Applied Materials profit tops estimates
Article Abstract:
Applied Materials reported net income of $328.5 mil on revenue of $1.67 bil for Q1 2000. In the comparable 1999 period, the semiconductor production equipment maker earned $52.9 mil on sales of $742.5 mil. In the coming year, Applied Materials has orders totaling $2.36 bil, up from last year's $1.03 bil. Gross profit margin for the quarter ended was 50.1%; in the same 1999 period it was 43.2%.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Applied Materials earnings beat estimates, but Asia hurts orders
Article Abstract:
Applied Materials announced 1st qtr 1998 income of $228.9 million, compared to $29.6 million in the 1st qtr 1997. Diluted earnings per share jumped to 60 cents from eight cents, and basic earnings per share rose to 62 cents from eight cents. Revenue, meanwhile, increased by 57% to $1.31 billion from $835.8 million. The semiconductor-equipment manufacturer said its 1st qtr 1998 earnings totaled $197.8 million, or 52 cents a share diluted, excluding one-time items. By comparison, a First Call poll of analysts had projected per-share earnings of 50 cents. Applied's 1st qtr 1997 overall earnings amounted to $89.1 million, or 24 cents a share. The $1.29 billion in new orders for the 1st qtr 1998 did not met expectations, Applied said, because Japanese and South Korean chip makers have become cautious about new factory investment. The total represents a 43% improvement over the 1st qtr 1997, but a 6% decline from the 4th qtr 1997.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Applied Materials reports net loss, but beats estimates
Article Abstract:
Applied Materials posted stronger than expected earnings for the fourth quarter and announced that is has received strong orders for more products. CEO James C. Morgan said the flat earnings reflected a downturn in the semiconductor industry but feels that his company is looking forward to solid growth.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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