On Monday, Shares of Applied Materials, Inc. (NASDAQ:AMAT), gained 2.34% to $17.03.
Applied Materials 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 ConocoPhillips (NYSE:COP), declined 0.42% to $49.56, during its last trading session, as U. S. oil prices fell Monday to a fresh six-year low on concerns that the glut of crude oil is set to grow, according to WSJ.
Light, sweet crude for September delivery fell 63 cents, or 1.5%, to $41.87 a barrel on the New York Mercantile Exchange, the lowest settlement since March 3, 2009. Brent, the global benchmark, fell 45 cents, or 0.9%, to $48.74 a barrel on ICE Futures Europe. WSJ Reports
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio comprises shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia, and Australia; various international developments; and exploration prospects. ConocoPhillips was founded in 1917 and headquartered in Houston, Texas.
Finally, Catalent, Inc. (NYSE:CTLT), ended its last trade with 3.14% gain, and closed at $34.17.
Catalent declared that it will present at the following two investor conferences in September.
Conference: Wells Fargo Securities 2015 Healthcare Conference, Boston, MA, Wednesday, September 9, 2015, 11:10 a.m. ET.
Speaker: Matthew Walsh, Executive Vice President & Chief Financial Officer
Catalent, Inc. provides advanced delivery technologies and development solutions for drugs, biologics, and consumer health products. It operates through three segments: Oral Technologies, Medication Delivery Solutions, and Development & Clinical Services.
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