Applied Materials posts best profit in 4 years
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Applied Materials, the world&#39;s largest manufacturer of chip-making tools, said Wednesday its fourth-quarter revenue rose 80 percent, pushing profit up to $455 million, the highest level in four years.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.
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Applied Materials, the world&#39;s largest manufacturer of chip-making tools, said on Tuesday that its third-quarter revenue doubled, leading to $441 million in profit.
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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 reported net income for the fourth quarter of $632 million on restructuring moves and tax benefits, which more than offset lower aluminum prices.
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Despite a strong third-quarter performance from Applied Materials (Nasdaq: AMAT), a weaker fourth-quarter outlook has the chip equipment maker&#39;s shares treading water today.
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Fourth-quarter results cap off record year for consumer products giant.
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EMC Corp , the world's biggest maker of corporate storage gear, said on Tuesday its fourth-quarter profit rose on the back of strong revenue growth across a broad range of products.
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Fourth-quarter profit more than tripled as more companies listed on the exchange, the company said.
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U.S. forest products company  Weyerhaeuser Co. WY.Non Friday posted a higher fourth-quarter  profit but said greater-than-expected costs hurt results and  that bad weather could weigh on first-quarter earnings.
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Fourth-quarter profit surged at Alcan Inc.   on higher aluminum prices, the company said on Wednesday.
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Fourth-quarter profit more than tripled at ConAgra Foods as a result of strong results from its commodities trading division.
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Adobe Systems Inc. reported record fourth-quarter revenue and an increase in profit of 16 percent, thanks in part to strong sales of the newest version of digital document software Acrobat.
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Telecommunications equipment maker Lucent Technologies Inc., rebounding from multibillion dollar losses, reported a larger profit for its fourth fiscal quarter and recorded its first profitable year since 2000.
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Applied Materials Inc  on Tuesday posted a quarterly profit that beat analysts' expectations as revenue declined 8 percent amid a slump in the semiconductor equipment manufacturing industry.
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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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U.S. chemical major DuPont Co said on Tuesday that fourth-quarter earnings rose before special items, helped by increased profits from its performance materials business and strong agricultural sales in Brazil.