Tuesday: Applied Materials Earnings Beat Estimates

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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,



Hudson Foods


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.



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


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


filed a patent infringement suit against

American Power Conversion


, alleging infringement of two patents owned by SL's

SL Waber


Hughes Supply


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.



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