Tuesday: Applied Materials Earnings Beat Estimates
Tuesday afternoon's market collapse could be a disturbing preview of Wednesday, if the much-anticipated July retail sales and Producer Price Index reports come in hot. Maybe the subject of our first post-close item can provide some support (earnings estimates from First Call):
Applied Materials
(AMAT) - Get Report
reported third-quarter operating earnings of 77 cents per share, 9 cents better than the 23-analyst consensus estimate but down from the year-ago 92 cents. The company's shares rose 2 1/4 to 92 1/2 in after-hours trading,
Reuters
reported.
Hudson Foods
(HFI)
is recalling 20,000 pounds of frozen ground beef patties nationwide because they may be contaminated with potentially lethal E.coli bacteria, the
Agriculture Department
said. The problem came to light in Colorado, where several people fell ill in early July after eating hamburger.
Unitrode
(UTR)
reported second-quarter earnings of 65 cents per share, 7 cents better than the three-analyst forecast and up from the year-ago 40 cents.
The Sports Authority
(TSA)
reported second-quarter earnings of 30 cents per share, in line with the 14-analyst expectation and up from the year-ago 29 cents.
SL Industries
(SL)
filed a patent infringement suit against
American Power Conversion
(APCC)
, alleging infringement of two patents owned by SL's
SL Waber
unit.
Hughes Supply
(HUG)
reported second-quarter earnings of 68 cents per share, a penny ahead of the two-analyst outlook and up from the adjusted year-ago 58 cents.
MedQuist
(MEDQ)
set a 3-for-2 stock split.
For information on Tuesday's market activity, see the
Market Roundup
.
This story was orginally published August 12, 1997
