Notable Earnings: Applied Materials (AMAT), Ocean Rig UDW Inc. (ORIG), Ross Stores (ROST)

Wall Street

Applied Materials, Inc. (AMAT) shares are up $1.63 to $21.54 in after-hours trading Thursday after the company reported its second-quarter earnings results.

The maker of chipmaking equipment posted earnings of $0.34 per share on revenues of $2.45 billion, up 0.3% from a year ago. Analysts were expecting EPS of $0.32 on revenues of $2.43 billion.

For the current quarter ending in August, Applied Materials provided EPS guidance of $0.46 – $0.50 versus consensus of $0.36 per share. The company also issued revenue projection of $2.79 – $2.89 billion, compared to the consensus revenue estimate of $2.51 billion.

AMAT currently prints a one year return of 1.71%, and a year-to-date return of 7.22%.

Shares of offshore drilling contractor Ocean Rig UDW Inc. (ORIG) are spiking 36% to $2.45 in after-hours trading after the company this afternoon reported Q1 EPS and revenue that topped analysts’ expectations.

Revenue in the three months ended in March rose nearly 26.3%, year over year to $508 million, yielding EPS of $1.17. Analysts had been modeling $426.23 million and $0.88 per share.

ORIG currently prints a one year loss of about 78%, and a year-to-date return of around 11%.

The chart below shows where the equity has traded over the last 52 weeks.

Ross Stores Inc. (ROST) reported in-line first quarter non-GAAP EPS of $0.73 after the closing bell Thursday. Revenues increased 5.1% from last year to $3.09 billion. Analysts expected revenues of $3.12 billion. The company said same-store sales increased 2% in the quarter.

For Q2, Ross provided EPS guidance of $0.64 to $0.67 versus consensus of $0.70 per share. For the full year, Ross projected EPS of $2.63 to $2.72.

The stock is currently down $3.76 to $51.76 on 5.52 million shares.

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