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Applied Materials: Fiscal Q2 Earnings Snapshot

SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Applied Materials Inc. (AMAT) on Thursday reported fiscal second-quarter earnings of $2.81 billion.

The Santa Clara, California-based company said it had profit of $3.51 per share. Earnings, adjusted for one-time gains and costs, came to $2.86 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.

The maker of chipmaking equipment posted revenue of $7.91 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $7.69 billion.

For the current quarter ending in July, Applied Materials expects its per-share earnings to range from $3.16 to $3.56.

The company said it expects revenue in the range of $8.45 billion to $9.45 billion for the fiscal third quarter.

Applied Materials shares have increased 72% since the beginning of the year, while the S&P’s 500 index has increased nearly 10%. In the final minutes of trading on Thursday, shares hit $441.30, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMAT at https://www.zacks.com/ap/AMAT

Squeeze what?! A South Florida woman is the talk of her town with a racy license plate she got in the mail

Click here for updates on this story    Florida (WFOR) -- A South Florida woman was surprised to receive a new license plate with her vehicle registration renewal that she feels carries an inappropriate message.Pompano Beach resident Nancy Dello Stritto, who is almost 77 years old, opened her mail to find a license plate reading "SQZ A55." She told CBS Miami that the plate, which can be interpreted to spell out a crude phrase, caused her to go "ballistic.""I don't think a senior who is almost 77 will be driving around with a plate that has that to say," Dello Stritto said. "When I saw that, I went ballistic. I said, 'How could that pass inspection?'"The plate has become a topic of conversation at her retirement community, where opinions are split. While Dello Stritto is unhappy with the configuration, she noted that others, including her sons and their friends, have encouraged her to keep it. She said the current tally is 16-1 in favor of her keeping the plate.It remains unclear how the plate was issued. Florida license plates have been manufactured at a state prison in North Florida for nearly a century before being distributed through county agencies. Dello Stritto's plate was mailed from the Broward County Property Tax Collector's office.CBS Miami contacted the office regarding the issue. An office manager confirmed that Broward County will replace a plate deemed offensive for free at their Plantation office.For now, Dello Stritto plans to keep the plate, though she intends to notify the Department of Highway Safety and Motor Vehicles about it."I'm resigned to it; maybe it was destined for it to be on my car," she said, adding with a laugh, "I can handle it; maybe I'll even get some honks."Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
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