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Applied Materials Posts Strong Results; Ups Guidance

Semiconductor equipment and display manufacturer Applied Materials, Inc. (NASDAQ: AMAT - $62.23) posted fourth quarter revenue of $3.8 billion, which came in toward the high end of management's expected range and was about 2% ahead of the consensus estimate. Revenue was off 7% year-over-year, but up 5% sequentially, driven by solid demand in the Foundry… Continue reading Applied Materials Posts Strong Results; Ups Guidance

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Newmont Misses Street Views on Higher Costs

Newmont Gold Corp. (NYSE: NEM - $37.62) missed Wall Street estimates for quarterly profit due to higher costs and the world's biggest gold miner cut its annual output target as production remained suspended at one of its largest mines in Mexico. Adjusted net income rose to $292 million, or $0.36 per share for the third… Continue reading Newmont Misses Street Views on Higher Costs

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International Paper Tops Earnings Estimates; Misses on Revenue

International Paper Co. (NYSE: IP - $43.72) posted third-quarter profits that topped expectations, but sales fell a bit shy of Wall Street's forecasts. The Memphis, Tenn., paper company reported adjusted third-quarter earnings of $1.09 a share compared to $1.56 last year. Analysts on average, were expecting an adjusted profit of $0.99 a share. Sales fell 5.6%, to $5.57 billion, missing Wall Street's estimate of $5.61 billion.… Continue reading International Paper Tops Earnings Estimates; Misses on Revenue

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Marathon Petroleum Beats Earnings Estimates; Plans Spin Off of Retail Operations

Oil refiner and marketer Marathon Petroleum Corp. (NYSE: MPC - $63.62) reported third quarter profit that beat expectations but revenue that missed; announced plans to spin off its retail business; and said its long-time CEO plans to retire. Net income rose to $1.10 billion from $737 million in the year-ago period. Excluding non-recurring items, adjusted… Continue reading Marathon Petroleum Beats Earnings Estimates; Plans Spin Off of Retail Operations

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ON Semiconductor Reports Third Quarter Results

Chipmaker ON Semiconductor (NYSE: ON - $21.09) reported third quarter net income of $0.33 per share, down from last year's $0.57 and below the average analyst estimate of $0.36. Revenue was $1.38 billion, a 10% drop from the year earlier period and in line with Street view. The company is guiding revenue for the fourth… Continue reading ON Semiconductor Reports Third Quarter Results

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Cerner Reports In-Line; Maintains Outlook

Health care information technology provider Cerner Corp. (NASDAQ: CERN - $66.43) reported third quarter revenue was $1.429 billion, an increase of 7% compared to $1.340 billion in the third quarter of 2018, and in line with the analyst and company forecasts. Adjusted earnings were $211.7 million, compared to $209.4 million in the third quarter of… Continue reading Cerner Reports In-Line; Maintains Outlook

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Gilead Sciences Reports In-Line; Raises Guidance

Gilead Sciences (NASDAQ: GILD - $62.98) posted third-quarter results largely in line with Wall Street estimates. The Foster City, Calif.-based company, which has operations in more than 35 countries worldwide, generated revenue of $5.604 billion in the third quarter, fractionally ahead of the $5.596 billion registered in the prior-year period and just shy of the consensus estimate of $5.61 billion. Product sales came… Continue reading Gilead Sciences Reports In-Line; Raises Guidance