On Friday, Shares of Applied Materials, Inc (NASDAQ:AMAT), lost -3.13% to $15.48.
Applied Materials, Inc, stated results for its third quarter ended July 26, 2015.
Third quarter orders were $2.89 billion, up 15 percent sequentially and up 17 percent year over year. Net sales were $2.49 billion, up 2 percent sequentially and up 10 percent year over year.
On a non-GAAP adjusted basis, the company stated gross margin of 43.9 percent, operating margin of 20.8 percent, and net income of $410 million or $0.33 per diluted share. The company recorded GAAP gross margin of 40.9 percent, operating margin of 15.9 percent, and net income of $329 million or $0.27 per diluted share. The GAAP results comprised of the effect of cost reduction actions in the solar business comprising of $34 million of inventory charges and $17 million of restructuring and asset impairment charges.
The company generated $334 million in cash from operations, paid dividends of $123 million and used $625 million to repurchase 32 million shares of common stock.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
Shares of ENSCO PLC (NYSE:ESV), declined -1.33% to $15.57, during its last trading session.
Ensco plc (ESV) declared that its Board of Directors has declared a regular quarterly cash dividend of US$0.15 per Class A ordinary share payable on 18 September 2015. The ex-dividend date for this payment is predictable to be 2 September 2015, with a record date of 4 September 2015.
Ensco will present at the Barclays Energy-Power Conference in New York City on Wednesday, 9 September 2015 at 10:25 a.m. EDT.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jackups, and Other. The company owns and operates offshore drilling rig fleet of 70 rigs, counting 10 drillships, 13 semisubmersible rigs, 5 moored semisubmersible rigs, and 42 jackup rigs located in North and South America, the Middle East and Africa, the Asia Pacific rim, Europe and the Mediterranean, and Brazil.
Finally, Patterson-UTI Energy, Inc (NASDAQ:PTEN), ended its last trade with -5.60% loss, and closed at $14.66, as oil prices fell to new six-year lows.
Oil prices were falling on concerns that the global supply glut of crude oil is poised to grow, according to The Wall Street Journal.
Despite recent spending cuts oil output in the U.S. continues to hold at near multi-decade highs, according to the Journal. On Friday Baker Hughes (BHI) declared the number of operating oil rigs in the U.S. grew for the fourth straight week to a total of 672 rigs.
Analyst firm Genscape said that oil stockpiles in the storage hub at Cushing, OK raised in the week that ended on August 14, according to the Journal.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
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