Applied Materials (AMAT) reported a 35% drop in fiscal Q1 earnings, but orders were up 13% from Q4, well ahead of the company's forecast 5-15% decline. Shares gained 4.76% after hours.
The company is also shifting their attention to the Solar market. Applied's solar operations represents only a sliver of the company's total revenue, but it's growing at a rapid rate, especially in comparison to the company's sluggish core business of making chip equipment.
Applied Materials has aggressively moved into the solar market, seeking to become the industry's biggest equipment supplier.
That's two hot markets: Solar and Display Screens....
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