Applied Materials (AMAT) Bullish Guidance; TPG Group Bets On Endo International (ENDP)


Shares of Applied Materials, Inc. (Nasdaq:AMAT) soared to touch a new 52-week high in intraday trading Friday after the company delivered stronger-than-expected quarterly profit and revenue numbers in its financial results

For its second quarter fiscal 2016, the semiconductor materials engineering solutions provider posted net sales of $2.45 billion, a 0.3% increase year over year, and non-GAAP adjusted net income of $376 million, or $0.34 per diluted share, compared to non-GAAP adjusted net income of $362 million, or $0.29 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $0.32 earnings per share on revenues of $2.43 billion for the period

Applied Materials said that it expects third quarter fiscal 2016 net sales to increase by between 14% and 18% sequentially, and non-GAAP adjusted net income to be in the range of $0.46 to $0.50 per diluted share, also exceeding the Capital IQ Consensus Estimate of $0.36 earnings per share for the next quarter

AMAT stock closed at $22.66, up $2.75 (or +13.81%) with a total volume of 53,384,957 shares traded during the day.

Applied Materials has $1.13B Shares Outstanding, Market Capitalization (intraday) of $425.62B and AMAT stock one-year range is now from $14.25 to $22.78 per share



Endo International plc (Nasdaq:ENDP) stock climbed $0.67 (or +4.54%) to $15.44, and 11,089,049 shares of the company exchanged hands on Friday’s trading session

After the closing bell, TPG Group Holdings (SBS) Advisors, Inc. disclosed in a regulatory filing ( SC 13D/A ) with the U.S. Securities and Exchange Commission (SEC) a 9.9% stake (22,152,136 shares) in the global specialty pharmaceutical company, representing an increase from the 17,182,136 shares reported ( SC 13D ) by the investment firm a couple weeks ago.

Endo International, which develops, manufactures, and distributes pharmaceutical products and devices worldwide, has 222.66M Shares Outstanding, Market Capitalization (intraday) of $3.44B and ENDP stock 52-week range is between $12.56 and $88.54 per share


Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. GalaxyStocks is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read full disclaimer at