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
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