<p>Applied Materials, Inc. (NASDAQ: AMAT) reported fiscal third quarter net income fell to $168 million, or 14 cents per share, from $218 million, or 17 cents per share, in the year-ago quarter. After the bell Thursday, the company issued earnings guidance that fell short of Wall Street estimates.</p><p>The chip gear maker also announced it expects foundry customers to hold back spending in the current quarter as they switch to making smaller chips.</p><p>On Friday, shares of Applied Materials, Inc. edged lower in pre-market trade, but rose 3.36 percent to $16.84 in morning trade.</p><p>Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) rose after Nasdaq OMX announced the company will replace Life Technologies in the Nasdaq 100 index on Thursday, August 22.</p><p>Last week, Green Mountain reported a 59 percent increase in fiscal third quarter net income, helped by stronger sales in the U.S. and lower coffee bean costs.</p><p>Shares of Green Mountain Coffee Roasters were up 3.08 percent to $76.21.</p><p>Pandora Media, Inc. (NYSE: P) jumped on Friday, after Goldman Sachs Group Inc (NYSE: GS) upgraded the company from ‘Neutral’ to ‘Buy.’ Pandora is scheduled to report earnings on August 22.</p><p>The company is expected to report a second quarter EPS loss of 2 cents, compared with an EPS loss of 3 cents a year earlier, according analysts polled by Zacks Investment Research.</p><p>Shares of Pandora Media jumped 7.10 percent to $21.26. </p><p>The Dow Jones industrial average was up 11.75 points, or 0.08 percent, at 15,123.94. The S&P 500 Index was down 0.49 points, or 0.03 percent, at 1,661.28. The Nasdaq Composite Index was down 10.89 points, or 0.3 percent, at 3,617.21.</p>
