UBS Cuts Price Target on Applied Materials (AMAT) to $18.75 as Foundry Weakness Continues

Pre-Open Stock Movers 08/14: (JCP) (WX) (JWN) Higher; (LOCO) (KING) (AAVL) Lower (more...)

August 14, 2015 9:29 AM EDT

El Pollo Loco (NASDAQ: LOCO) 16.4% LOWER; reported Q2 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $86.9 million versus the consensus estimate of $92.96 million. System-wide comparable restaurant sales grew 1.3%, including a 0.5% decrease for company-operated restaurants, and a 2.6% increase for franchised restaurants. El Pollo Loco sees FY2015 EPS of $0.67-$0.71, versus the consensus of $0.70. System-wide comparable restaurant sales growth of approximately 3.0% (previously 3.0% to 5.0%).

King Digital... More

Cowen Trims PT on Applied Materials (AMAT) to $24; Q3 Results Hampered by Foundry/Logic Exposure

August 14, 2015 8:20 AM EDT

Cowen and Company maintains an Outperform rating on Applied Materials, Inc. (AMAT), but trims its price target by $1 to $24 following Q3 results and outlook.

Analyst Timothy Arcuri noted the Applied Materials' Q3 EPS of $0.33 was flat with the firm's expectations.

Arcuri also commented on what to do with Applied Materials moving forward: In a vacuum, SSG orders last seen in... More

Rosenstein's JANA Partners Enters Apple (AAPL) Calls, Mobileye (MBLY), Williams (WMB), (more...)

August 14, 2015 7:14 AM EDT

Barry Rosenstein's JANA Partners released its 13F for the quarter ended June 30, 2015. Below is a summary comparing this quarter to last quarter.

New Stakes
Allergan Inc (NYSE: AGN) new 1,618,385 share position
Apple Inc. (NASDAQ: AAPL) (CALL) new 250,000 share position
Black Knight Financial Services (NYSE: BKFS) new 400,000 share position
ConAgra Foods Inc. (NYSE: CAG) new 11,537,414 share position *
ConAgra Foods Inc. (NYSE: CAG) (CALL) new 19,032,000 share position
CSX Corp. (NYSE: CSX) new 200,000 share... More

RBC Capital Cuts Price Target on Applied Materials (AMAT) Following 3Q15 and WFE Outlook

August 14, 2015 7:03 AM EDT

RBC Capital maintained a Sector Perform rating on Applied Materials (NASDAQ: AMAT), and cut the price target to $16.00 (from $19.00), following 3Q15 earnings results. AMAT reported revenue of $2.49B and EPS of $0.33 compared to consensus $2.54B and $0.33 respectively. AMAT provided commentary on CY16 that Analyst Mahesh... More

After-Hours Stock Movers 08/13: (REED) (JWN) (YY) Higher; (AAVL) (LOCO) (KING) Lower (more...)

August 13, 2015 6:04 PM EDT

Avalanche Biotechnologies (NASDAQ: AAVL) 15% LOWER; reported that after further analyses of results from a previously reported Phase 2a trial of AVA-101 for the potential treatment of wet age-related macular degeneration (wet AMD), it will not initiate a Phase 2b clinical trial in the second half of 2015.

El Pollo Loco (NASDAQ: LOCO) 13.7% LOWER; reported Q2 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $86.9 million versus the consensus estimate of $92.96 million. System-wide comparable restaurant... More

Applied Materials revenue rises 9.9 percent

August 13, 2015 4:12 PM EDT

(Reuters) - Applied Materials Inc (NASDAQ: AMAT) reported a 9.9 percent rise in quarterly revenue as chipmakers spent more on technology used to make smartphones and memory chips.

Net income rose to $329 million, or 27 cents per share, in the third quarter ended July 26,... More

Applied Materials (AMAT) Reports In-Line Q3 EPS, Offers Q4 Guidance

August 13, 2015 4:03 PM EDT

Applied Materials (NASDAQ: AMAT) reported Q3 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $2.49 billion versus the consensus estimate of $2.54 billion.

Applied Materials sees Q4 2015 EPS of $0.27-$0.31, may not compare to the consensus of... More

Trading Radar for 8/13: Nordstrom (JWN), Kohl's (KSS), Applied Materials (AMAT), Blue Buffalo Pet Products (BUFF) Report

August 12, 2015 2:15 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 271kContinuing Claims - Street sees 2.247MRetail Sales - Street sees 0.5%Retail Sales: ex. Auto - Street sees 0.5%Export Prices: ex. Ag - no Street consensusImport Prices: ex. Oil - no Street consensus

Earnings:

Advance Auto Parts (NYSE: AAP) - consensus EPS $2.25
Alcobra Ltd. (Nasdaq: ADHD) - consensus loss $0.29
American... More