Morning Buzz: Amazon.com (AMZN), Yahoo (YHOO), Apple (AAPL), Applied Materials (AMAT)

Amazon.com (AMZN) — The e-commerce giant said Thursday that it acquired the North American rights to Woody Allen’s next film, due for release this summer.

Amazon shares climbed 0.56% to $527.95 in late morning trading on Friday on 2.3M volume.

Shares of Yahoo! Inc. (YHOO) are higher by 1.70% to $29.92 in morning trading on Friday after the company announced the formation of a review committee to explore “strategic alternatives” for the struggling web portal. Yahoo hired Goldman Sachs (GS), J.P. Morgan (JPM) and PJT Partners as financial advisers.

Apple (AAPL) — The tech giant has been given more time to respond to the FBI investigation’s demand in modifying an iPhone used by one of the shooters in the San Bernardino terrorist attack. Apple’s court response has been pushed out to Friday instead of the original deadline today. Companies like Facebook (FB), Twitter (TWTR), and Walt Disney (DIS) have sided with Cupertino in its resistance to the FBI’s order.

Shares of Applied Materials, Inc. (AMAT) rallied $1.46 to $18.63 after the company released its earnings results on Friday. The semiconductor equipment manufacturer reported Q1’16 EPS of $0.26 per share vs. $0.25 consensus. Revenues came in at $2.26 billion, down 0.7% from a year but above views for $2.24 billion.

For Q216, AMAT provided EPS guidance of $0.30-$0.34 versus consensus of $0.26 per share. The company also issued revenue projection of $2.37-$2.48, compared to the consensus revenue estimate of $2.28 billion.

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