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Chip equipment maker $LRCX reported a lower 3Q16 profit, hurt by higher costs. The company reported quarterly earnings of $263.84MM, or $1.47 per share, down from $288.68MM, or $1.66 per share a year ago. Revenue rose to $1.63Bil from $1.60Bil a year ago. Expenses increased to $400.25MM from $386.94MM.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?
$AVGO 4Q results beat analyst’s expectations again this time. Time to make some hay while the sun shines ;)