Applied Materials (AMAT) PT Lifted to $25 at Credit Suisse Following Strong Results
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Applied Materials Announces Second Quarter 2016 Results
May 19, 2016 4:02 PM EDTApplied reports EPS of $0.29; non-GAAP EPS of $0.34 at high end of guidance range Generates $3.5 billion in new orders, highest in 15 years  Returns $1 billion to shareholders through dividends and share repurchasesExpects record earnings per share in the third quarter of 2016
SANTA CLARA, Calif., May 19, 2016 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended May 1, 2016.
Second quarter orders were $3.45 billion, up 52 percent sequentially and up 37 percent year over year. Backlog increased to $4.17 billion. Net sales... More
