Flexible Electronics News

Applied Materials Announces 4Q, FY 2012 Results

Expects orders to increase in the first quarter of FY2013

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. reported results for its fourth quarter and fiscal year ended Oct. 28, 2012. In the fourth quarter, Applied generated orders of $1.47 billion and net sales of $1.65 billion. The company recorded a goodwill impairment and restructuring charges totaling $545 million and reported an operating loss of $499 million, with a net loss of $515 million or 42 cents per diluted share. Non-GAAP operating income was $114 million, and non-GAAP net income was $70 million or 6 cents per s...

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