TABLE - Novellus Systems (NASDAQ:NVLS) Q3 results
Reuters, Monday, October 11, 1999 at 16:15
SAN JOSE, Calif., Oct. 11 (Reuters) -
NOVELLUS SYSTEMS INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
(Unaudited) Sept 25 Sept 26 Sept 25 Sept 26
1999 1998 1999 1998
Net Sales $154,916 $106,704 $401,025 $412,761
Cost of Sales 71,195 50,622 186,588 188,182
Gross Profit 83,721 56,082 214,437 224,579
Operating Expenses
Research and
Development 30,567 23,392 87,020 83,047
Selling, General and
Administrative 24,549 21,478 71,148 74,577
Total Operating
Expenses 55,116 44,870 158,168 157,624
Income from
Operations 28,605 11,212 56,269 66,955
Interest Income
Net 3,892 342 8,801 759
Income before Income
Taxes 32,497 11,554 65,070 67,714
Provision for Income
Taxes 10,724 3,931 21,473 23,025
Net Income 21,773 7,623 43,597 44,689
Basic Net Income
Per Share 0.56 0.22 1.15 1.32
Diluted Net Income
Per Share 0.54 0.22 1.10 1.28
Shares Used in Basic
Calculation 38,941 34,095 37,898 33,948
Shares Used in Diluted
Calculation 40,646 34,659 39,568 34,854
Copyright 1999, Reuters News Service |
