Applied Materials 4th-Qtr Profit Rises to Highest in Four Years
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Applied Materials Inc., the world&#39;s biggest maker of semiconductor-production equipment, said fourth- quarter profit rose to its highest level in four years on demand from chipmakers for new machines.
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Applied Materials Inc. , the top supplier of equipment for making microchips, on Tuesday said first-quarter profit nearly tripled and that second-quarter revenue could rise as much as 5 percent, sending its shares up 4.5 percent.
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Fourth-quarter earnings rose 42 percent from a year ago as profit margins at its U.S. stores improved despite higher commodity costs.
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Newmont Mining Corp. , the world's second-largest gold producer, said on Thursday that fourth-quarter profit more than tripled on much higher gold prices.
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Internet Security Systems Inc.  ISSX.O on Monday reported a higher fourth-quarter profit,  driven by firm demand for its computer security products.
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Applied Materials Inc's  quarterly profit topped analysts estimates, helped by good flat-panel display demand, even as revenue declined 8 percent amid a slump in semiconductor equipment manufacturing.
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Lockheed Martin Corp  said on Thursday fourth-quarter profit rose, helped by strong sales of its electronic warfare and space systems.
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The results surpassed Wall Street's expectations in both sales and profit, with fourth-quarter earnings reaching $3 billion for the first time in the company's history.
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The Goodyear Tire and Rubber Company, the largest American tire maker, posted better-than-expected fourth-quarter profit Thursday as it benefited from higher pricing and a focus on more profitable branded tires.
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Aug. 17, 2004  SAN FRANCISCO  - Applied Materials Inc.
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Barrick Gold and Newmont Mining said profit surged in the fourth quarter as the price of bullion jumped.
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Applied Materials Inc. , the world's largest supplier of equipment for making microchips, posted higher quarterly profit on Tuesday, topping estimates, although revenue was less than expected.
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Fourth-quarter earnings jumped 64 percent, due in part to a $214 million gain from a tax benefit, as well as more streamlined operations at the military contractor.
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The military contractor said fourth-quarter earnings rose 42 percent as the Army spent heavily to upgrade its fleet of Abrams tanks and Stryker armored vehicles.
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Applied Materials Inc. ,  the world's largest supplier of equipment for making  microchips, posted higher quarterly profit on Tuesday, topping  estimates, although revenue was less than expected.
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The company said its fourth-quarter earnings rose 43 percent, beating estimates, on increased merger advisory fees.
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Defense contractor Raytheon Co.   on Thursday reported higher fourth-quarter profit,  helped by higher revenue from its missile programs.