Short Take: Applied Materials meets expectations

Applied Materials, a supplier of wafer fabrication systems to the semiconductor industry, reported net sales of $1.2 billion for its April quarter, compared with sales of $900.9 million last year. Net income was $141.2 million, or 37 cents per diluted share, up from $102.1 million, or 27 cents per diluted share, posted a year earlier. The earnings were in line with analysts' expectations, according to First Call.

May 12, 1998 7:50 p.m. PT

, a supplier of wafer fabrication systems to the semiconductor industry, reported net sales of $1.2 billion for its April quarter, compared with sales of $900.9 million last year. Net income was $141.2 million, or 37 cents per diluted share, up from $102.1 million, or 27 cents per diluted share, posted a year earlier. The earnings were in line with analysts' expectations, according to First Call.