Applied Materials Announces Second Quarter 2016 Results

Applied reports EPS of $0.29; non-GAAP EPS of $0.34 at high end of guidance range 
Generates $3.5 billion in new orders, highest in 15 years  
Returns $1 billion to shareholders through dividends and share repurchases
Expects record earnings per share in the third quarter of 2016
 
SANTA CLARA, Calif., May 19, 2016  -- Applied Materials, Inc. (AMAT) today reported results for its second quarter ended May 1, 2016.
 
Second quarter orders were $3.45 billion, up 52 percent sequentially and up 37 percent year over year. Backlog increased to $4.17 billion. Net sales of $2.45 billion were up 9 percent sequentially, flat year over year, and near the high end of guidance.
 
The company recorded gross margin of 41.0 percent, operating margin of 17.3 percent, and net income of $320 million or $0.29 per diluted share. On a non-GAAP adjusted basis, the company reported second quarter gross margin of 42.7 percent, operating margin of 19.2 percent, and net income of $376 million or $0.34 per diluted share.
Read more: Applied Materials Inc ( AMAT )

AXT, Inc. Announces First Quarter 2016 Financial Results

FREMONT, CA--(Marketwired - May 2, 2016) - AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the first quarter, ended March 31, 2016.

First Quarter 2016 Results
 
Revenue for the first quarter of 2016 was $18.7 million, compared with $18.1 million in the fourth quarter of 2015.
 
Gross margin was 28.1 percent of revenue for the first quarter of 2016, compared with 17.1 percent of revenue in the fourth quarter of 2015.
 
Operating expenses were $4.8 million in the first quarter of 2016, compared with $4.8 million in the fourth quarter of 2015. 
Read more: AXT Inc ( AXTI )

Resonant Signs Its First Licensing Agreement with Existing Tier One Customer

2016-04-27 07:30 ET -- Agreement Includes Two RF Front End Duplexers Targeted for Mass Production as Early as Year End 2016 --

GOLETA, Calif. --  Resonant Inc. (NASDAQ: RESN), a designer of filters for radio frequency, or RF, front-ends that specializes in delivering designs for difficult bands and complex requirements, today announced it signed its first licensing agreement with an existing customer. This license agreement follows the development engagement that was outlined in the memorandum of understanding signed with this customer in February 2016.

“Securing our first licensing agreement is the next major milestone resulting from years of development of our Infinite Synthesized Network®, or ISN®, tools and technology. 

Read more: Resonant Inc ( RESN )

AMD Reports 2016 First Quarter Results

SUNNYVALE, CA  -- 04/21/16 AMD (NASDAQ: AMD) today announced revenue for the first quarter of 2016 of $832 million, operating loss of $68 million, and net loss of $109 million, or $0.14 per share. Non-GAAP(1) operating loss was $55 million and non-GAAP(1) net loss was $96 million, or $0.12 per share.

GAAP Financial Results

-------------------------------------------------------------------------
                               Q1-16           Q4-15           Q1-15
-------------------------------------------------------------------------
Revenue                        $832M           $958M           $1.03B
-------------------------------------------------------------------------
Operating loss                 $(68)M          $(49)M         $(137)M
-------------------------------------------------------------------------
Net loss / Loss per share $(109)M/$(0.14) $(102)M/$(0.13) $(180)M/$(0.23)
-------------------------------------------------------------------------
Read more: AMD ( AMD )

API Technologies Announces Definitive Agreement for Acquisition by Affiliate of J. F. Lehman & Co.

Shareholders to Receive $2.00 per Share in Cash

ORLANDO, Fla., Feb. 29, 2016  -- API Technologies Corp. (ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced a definitive agreement providing for the Company to be acquired by an affiliate of private equity firm J. F. Lehman & Company ("JFLCO"), which specializes in the aerospace, maritime and defense industries.

Under the terms of the agreement, a newly formed affiliate of JFLCO will acquire all of the outstanding shares of API Technologies' common stock for $2.00 per share in cash in a merger transaction. The cash consideration represents a premium of approximately 98% to API's closing share price on February 26, 2016 and a 74% premium to its weighted average trading price over the trailing 30 days. The transaction is expected to close in the second fiscal quarter of 2016.

Read more: API Technologies Corp ( ATNY )

Videos / Webinars

View all videos

Pepperstone | Metatrader 4 Forex Broker