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Short: Novellus reports Q3 financials

Novellus Systems reported $121.6 million in net sales for its third quarter ending September 30, up 21 percent from $100.4 million for the same quarter last year. Net income was $25.1 million, or $1.53 per share, compared to $21.9 million, or 1.27 per share last year. Novellus designs chemical vapor deposition systems, which are used to deposit insulating layers and conductive metal layers on the surface of a semiconductor wafer.

Novellus Systems reported $121.6 million in net sales for its third quarter ending September 30, up 21 percent from $100.4 million for the same quarter last year. Net income was $25.1 million, or $1.53 per share, compared to $21.9 million, or 1.27 per share last year. Novellus designs chemical vapor deposition systems, which are used to deposit insulating layers and conductive metal layers on the surface of a semiconductor wafer.