Its digital catalogue of 7 million tracks from artists and labels that include Guided By Voices, Wu-Tang Clan, Smithsonian Folkways and Sesame Street account for about 7% of all global plays on Spotify, according to data from the music-streaming service.

WSJ: Early Digital Bet Now a Sweet Song for New York-Based the Orchard

Although the maker of semiconductor manufacturing equipment originally guided for quarterly results between breakeven and 4 cents a share, Applied Materials said the original forecast didn't account for charges, which weren't known at the time.

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