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Applied Materials Rising: RBC Sees FY2019 Forecast ‘A Positive’

Shares of chip equipment maker Applied Materials (AMAT) are up 15 cents, or half a percent, at $30.54, after the company told analysts at its annual financial outlook meeting that it expects earnings per share for fiscal 2019 (that would be the October-ending fiscal year) to be in a range of $2.45 to $3.17, helped by "multi-year inflections including 3D NAND,10 and 7 nanometer logic and foundry, materials-based patterning and new factory investments in China.
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