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Applied Materials orders hit record high

Applied Materials Inc. on Thursday said orders reached another record high in its third quarter, following a 15-year high the previous three months, as profit surged, stirring hope for robust results in coming quarters.

The price of shares in the company has risen 67% over the past 12 months, and it climbed 5.5% after hours to $29.20, also boosted by strong guidance for the current quarter.

For the October quarter, the company said it expects adjusted earnings per share of between 61 cents and 69 cents, while analysts surveyed by Thomson Reuters expect a more-modest 48 cents. The maker of semiconductor manufacturing tools said record-high orders bode well for results in coming months.

The buoyant order...