On Friday, Shares of Applied Materials, Inc. (NASDAQ:AMAT), lost -2.40% to $16.64, hitting its lowest level, after the No. 1 chip gear maker late Thursday stated Q3 revenue that missed Wall Street’s forecast and offered lackluster Q4 guidance.
In its fiscal Q3 ended July 26, Applied Materials stated $2.49 billion in revenue, up 10% vs. Q3 2014, but still short of analysts’ forecast $2.54 billion. The company met Wall Street’s earnings views of 33 cents per share ex items, up 18%.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide.
Shares of Hertz Global Holdings, Inc. (NYSE:HTZ), inclined 1.91% to $18.17, during its last trading session.
Hertz Global Holdings, declared that Carlo Cavecchi has joined Hertz Equipment Rental Corporation (HERC) as Vice President, Specialty Rental Group, reporting to Bruce Dressel, Chief Operating Officer.
In this new role, Mr. Cavecchi will lead HERC’s current specialty business segments, counting Pump, Energy Services, HVAC and Industrial Small Tools. He will also be responsible for leading the company’s growth into additional solutions-based, customer-focused specialty areas.
Hertz Global Holdings, Inc., through its auxiliaries, rents and leases cars and trucks in the United States and internationally. It operates in four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.
Finally, Target Corp. (NYSE:TGT), ended its last trade with 0.46% gain, and closed at $79.35.
Target Corporation declared its board of directors elected Donald R. Knauss, former executive chairman and former chairman and chief executive officer of The Clorox Company (CLX), and Robert L. Edwards, former CEO of Safeway Inc., as new directors, effective right away.
Mr. Knauss, 64, served as chairman and CEO of Clorox from October 2006 until November 2014. He then served as executive chairman until July 1, 2015. Before joining Clorox, he was president and chief operating officer of Coca-Cola North America. He is also a former U.S. Marine Corps officer.
Mr. Edwards, 60, served as CEO of Safeway from May 2013 until April 2015. He also served Safeway as president and chief financial officer, from April 2012 to May 2013. He joined Safeway in 2004 as executive vice president and chief financial officer.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
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