Applied Materials Inc. (Santa Clara, CA), a supplier of equipment and services to the global semiconductor industry, reported results for its third fiscal quarter ended August 1, 2004. Net sales were $2.24 billion, up 11% from $2.02 billion for the second fiscal quarter of 2004, and up 104% from $1.09 billion for the third fiscal quarter of 2003.
Gross margin for the third fiscal quarter of 2004 was 47.4%, up from 46.5% for the second fiscal quarter of 2004, and up from 31.7% for the third fiscal quarter of 2003. Net income for the third fiscal quarter of 2004 was $441 million, or $0.26 per share, up from net income of $373 million, or $0.22 per share, for the second fiscal quarter of 2004, and up from a net loss of $37 million, or $0.02 per share, for the third fiscal quarter of 2003.
The company's ongoing net income was $441 million, or $0.26 per share, for the third fiscal quarter of 2004, up from $373 million, or $0.22 per share, for the second fiscal quarter of 2004, and up from $78 million, or $0.05 per share, for the third fiscal quarter of 2003. Ongoing results for the second and third fiscal quarters of 2004 were the same as reported net income since there were no special items.
