APPLIED MATERIALS,
INC. |
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| (Unaudited)* Three Months Ended |
Fiscal Year Ended | ||||||||||||
| (In thousands, except per share amounts) | October 27, 1996 |
October 29, 1995 |
October 27, 1996 |
October 29, 1995 |
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| Net sales | $ | 860,958 | $ | 982,650 | $ | 4,144,817 | $ | 3,061,881 | |||||
| Cost of products sold | 481,286 | 524,252 | 2,195,078 | 1,652,033 | |||||||||
| Gross margin | 379,672 | 458,398 | 1,949,739 | 1,409,848 | |||||||||
| Operating expenses: | |||||||||||||
| Research, development and engineering | 117,862 | 110,498 | 481,394 | 329,676 | |||||||||
| Marketing and selling | 72,880 | 64,730 | 313,631 | 223,296 | |||||||||
| General and administrative | 56,930 | 49,562 | 226,063 | 162,944 | |||||||||
| Restructuring | 25,100 | -- | 25,100 | -- | |||||||||
| Income from operations | 106,900 | 233,608 | 903,551 | 693,932 | |||||||||
| Interest expense | 5,836 | 4,240 | 20,733 | 21,401 | |||||||||
| Interest income | 11,353 | 9,706 | 39,618 | 26,012 | |||||||||
| Income from consolidated companies before taxes |
112,417 | 239,074 | 922,436 | 698,543 | |||||||||
| Provision for income taxes | 39,345 | 83,676 | 322,851 | 244,490 | |||||||||
| Income from consolidated companies | 73,072 | 155,398 | 599,585 | 454,053 | |||||||||
| Equity in net income/(loss) of joint venture | -- | -- | -- | -- | |||||||||
| Net income | $ | 73,072 | $ | 155,398 | $ | 599,585 | $ | 454,053 | |||||
| Earnings per share | $ | 0.40 | $ | 0.84 | $ | 3.27 | $ | 2.56 | |||||
| Average common shares and equivalents |
182,699 | 184,425 | 183,607 | 177,348 | |||||||||
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