Shares of Applied Materials, Inc. (NASDAQ:AMAT) ended Thursday session in red amid volatile trading. The shares closed down -0.28 points or -0.92% at $30.29 with 15.66 million shares getting traded. Post opening the session at $30.76, the shares hit an intraday low of $30.17 and an intraday high of $31.07 and the price vacillated in this range throughout the day. The company has a market cap of $32.93 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On Sept. 21, 2016 At its 2016 Analyst Day, Applied Materials, Inc. detailed its innovation leadership strategy to drive sustainable growth and announced target non-GAAP adjusted earnings per share of $2.45 to $3.17 for fiscal 2019, with a midpoint of $2.80. This would represent compound earnings growth of approximately 17 percent over the next three years.
Applied highlighted how the semiconductor industry’s major transition from lithography-based scaling to materials-enabled scaling has increased Applied’s addressable opportunity from 53 percent of WFE spending in calendar 2012 to an estimated 63 percent this year. With the broadest portfolio of materials engineering technologies and its unique Product Development Engine process, Applied now expects to achieve a 4-point gain in its share of WFE spending and nearly double its display business, from 2012 through 2016. By delivering enabling service products to support customers as they make these challenging technology transitions, the company expects to grow its services business revenue by $600 million from fiscal 2013 through 2016.
“Our innovation leadership strategy, combined with the breadth and depth of our materials engineering capabilities, puts Applied in a unique position to sustainably outperform our markets,” said Gary Dickerson, president and CEO. “Over the past few years, we strengthened our organization and processes while increasing investment in R&D, so that we see opportunities earlier, develop winning products faster and are delivering increased value for customers and shareholders.”
Shares of Facebook Inc (NASDAQ:FB) ended Thursday session in green amid volatile trading. The shares closed up +0.14 points or 0.11% at $130.08 with 15.54 million shares getting traded. Post opening the session at $130.50, the shares hit an intraday low of $129.56 and an intraday high of $130.73 and the price vacillated in this range throughout the day. The company has a market cap of $377.32 billion and the numbers of outstanding shares have been calculated to be 2.32 billion shares.
Facebook Inc (FB) on July 27, 2016 reported financial results for the quarter ended June 30, 2016.
Second Quarter 2016 Operational Highlights
- Daily active users (DAUs) – DAUs were 1.13 billion on average for June 2016, an increase of 17% year-over-year.
- Mobile DAUs – Mobile DAUs were 1.03 billion on average for June 2016, an increase of 22% year-over-year.
- Monthly active users (MAUs) – MAUs were 1.71 billion as of June 30, 2016, an increase of 15% year-over-year.
- Mobile MAUs – Mobile MAUs were 1.57 billion as of June 30, 2016, an increase of 20% year-over-year.
Second Quarter 2016 Other Financial Highlights
- Mobile advertising revenue – Mobile advertising revenue represented approximately 84% of advertising revenue for the second quarter of 2016, up from approximately 76% of advertising revenue in the second quarter of 2015.
- Capital expenditures – Capital expenditures for the second quarter of 2016 were $995 million.
- Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $23.29 billion at the end of the second quarter of 2016.
“Our community and business had another good quarter,” said Mark Zuckerberg, Facebook founder and CEO. “We’re particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services.”