Flexible Electronics News

Applied Materials Announces First Quarter Results

Orders grew 44 percent sequentially, led by demand for semiconductor and display equipment

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. reported results for its first quarter of fiscal 2013, ended Jan. 27, 2013. Applied generated orders of $2.11 billion and net sales of $1.57 billion. The company reported operating income of $39 million and net income of $34 million or 3 cents per diluted share. Non-GAAP operating income was $112 million, and non-GAAP net income was $69 million or 6 cents per share, at the high end of the business outlook. “We executed well through the bottom of this industry inv...

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