Applied Materials Up 3.3% After Beating Lowered Estimates
Chip-equipment maker
Applied Materials
(AMAT)
was up 3.3% in after-hours
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TheStreet Recommends
Island
trading after it posted first-quarter earnings of 66 cents a share, excluding items.
The results beat the
First Call/Thomson Financial
estimate of 62 cents and were up from 39 cents a year earlier. Analysts lowered their estimates after the company warned on Jan. 30.
