On Thursday, Shares of Applied Materials, Inc. (NASDAQ:AMAT), lost -0.35% to $19.86.
Applied Materials, stated results for its second quarter ended April 26, 2015.
Second quarter orders were $2.52 billion, up 11 percent sequentially and down 4 percent year over year. Net sales were $2.44 billion, up 4 percent sequentially and up 4 percent year over year.
On a non-GAAP adjusted basis, the company stated gross margin of 43.2 percent, operating income of $476 million, and net income of $362 million or $0.29 per diluted share. The company recorded GAAP gross margin of 41.6 percent, operating income of $416 million, and net income of $364 million or $0.29 per diluted share.
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 Comcast Corporation (NASDAQ:CMCSA), inclined 0.46% to $56.54, during its last trading session.
In recognition of Asian-Pacific American Heritage Month this May, Comcast is featuring a selection of Asian American content across Xfinity On Demand platforms, highlighted by a special collection of Asian action films launching on May 15. Through a partnership with Well Go Entertainment and Tribeca Films, this new collection of action films will become a permanent fixture on Xfinity On Demand and will comprise renowned films such as: White Haired Witch, Shaolin, The Man From Nowhere, On The Job, Wrath of Vajra and The Suspect.
Additionally, Comcast will celebrate Asian-Pacific American Heritage Month by offering a range of films for customers on Xfinity On Demand platforms featuring diverse stories from a variety of Asian ethnic backgrounds, counting: films from the Center for Asian American Media; short films produced by Visual Communication’s acclaimed emerging filmmaker production program, “Armed With A Camera;” a collection of popular titles from the EROS Now network, (counting Action Jackson and English Vinglish); and a host of other award-winning documentaries and classic Asian American films.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.
At the end of Thursday’s trade, Shares of Danaher Corp. (NYSE:DHR), gained 0.56% to $87.84.
Danaher Corporation, declared that it has commenced an exchange offer related to the split-off of its Communications business. The split-off transaction is in connection with the formerly declared combination of Danaher’s Communications business with NetScout Systems, Inc. (NTCT).
Key elements of the exchange offer:
- Danaher stockholders have the option to exchange some, all or none of their shares of Danaher common stock for common units of Potomac Holding LLC, a Danaher partner formed to hold Danaher’s Communications business, subject to proration as described below. In the combination, common units of Potomac Holding LLC will convert automatically into the right to receive shares of NetScout common stock.
- Tendering Danaher stockholders are predictable to receive about $107.53 of NetScout common stock for every $100 of Danaher common stock tendered, subject to the upper limit described below.
- Danaher will determine the prices at which shares of Danaher common stock and common units of Potomac Holding LLC (and ultimately shares of NetScout common stock) will be exchanged by reference to the simple arithmetic average of the daily volume-weighted average prices of Danaher common stock and NetScout common stock, respectively, on the New York Stock Exchange and the NASDAQ Global Market on each of the last three trading days of the exchange offer.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Test & Measurement segment provides test, measurement, and monitoring products that are used in electronic design, manufacturing, and technology development; hardware and software solutions to deploy, manage, and secure communication network technologies and services; and tools, toolboxes, and automotive maintenance equipment.
Finally, Morgan Stanley (NYSE:MS), ended its last trade with 0.95% gain, and closed at $38.14.
Morgan Stanley Wealth Management declared that it has entered into a licensing agreement with EverFi, an education technology company that develops interactive learning tools focused on teaching valuable financial education and skills, to launch a new web-based financial education program called Morgan Stanley Financially Fit.
Morgan Stanley Financially Fit provides Financial Advisors with a digital financial curriculum to share with their clients and their families. This resource, developed and administered by EverFi, is comprised of four engaging courses – starting with grade school and progressing through high school, college and adulthood. The interactive courses bring financial concepts to life with games, polls and simulations associated with hundreds of age-appropriate lessons. Topics comprise money administration, savings strategies, home ownership, college loans, identity theft, and investment portfolios.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
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