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Net sales of $2.79 billion, up 11 percent year over year and down 3 percent sequentially
August 25, 2011
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. reported results for its third quarter of fiscal 2011 ended July 31, 2011. Applied generated orders of $2.39 billion, net sales of $2.79 billion, operating income of $687 million, and net income of $476 million or $0.36 per share. Non-GAAP operating income was $683 million, and non-GAAP net income was $467 million or $0.35 per share. “Applied delivered solid third quarter results, with earnings and revenue at the upper end of our expectations,” said Mike Sp...
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