On Friday, Shares of Applied Materials, Inc. (NASDAQ:AMAT), added 1.93% and closed at $30.15 in the last trading session. The last trading range of the stock ranges between $29.66 and $30.21. At its 2016 Analyst Day, Applied Materials, Inc. detailed its innovation leadership strategy to drive sustainable growth and declared 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 about 17 percent over the next three years.
Applied highlighted how the semiconductor industry’s major transition from lithography-based scaling to materials-facilitated scaling has raised 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 anticipates 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 anticipates 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 an exclusive 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 recently we see opportunities earlier, develop winning products faster and are delivering raised value for customers and shareholders.”
Metlife Inc (NYSE:MET), jumped 1.76% and closed at $44.43 in the last trading session. The last trading range of the stock ranges between $43.79 and $44.69. The company’s Market capitalization is $49.68 Billion with the total Outstanding Shares of 1.10 Billion. MetLife, Inc. (MET) recently declared that it will hold its third quarter 2016 earnings conference call and audio webcast on Thursday, Nov. 3, 2016, from 8-9 a.m. (EDT). The call will follow MetLife’s issuance of its third quarter 2016 earnings news release and release of its Third Quarter 2016 Financial Supplement on Wednesday, Nov. 2, 2016, after the market closes. The news release and Third Quarter 2016 Financial Supplement will also be available on the MetLife Shareholder Relations Web page.
The conference call will be available for replay via telephone and the Internet starting at 10 a.m. (EDT) on Thursday, Nov. 3, 2016, until Thursday, Nov. 10, 2016, at 11:59 p.m. (EST). To listen to a replay of the conference call via telephone, dial 800-475-6701 (U.S.) or 320-365-3844 (outside the U.S.). The access code for the replay is 370610. To access the replay of the conference call over the Internet, visit the above-mentioned website.