Applied Materials Surges After Q2 Beat

Applied Materials

shares are trading higher by $2.53 at $22.44 in Friday's session. The catalyst for the rally is a Q2 EPS beat of $0.02 along with a slight beat for sales. Also, the company raised Q3 EPS and sales guidance. After nearly $2 higher open, it retreated only a few cents to $21.70, before continuing its march higher, reaching $22.77. That high coincides with its April 2015 high at $22.71.