Novellus releases third-quarter sales figures

Novellus Systems, a manufacturer of semiconductor equipment, has reported that for its third quarter ended 25 September 2010 net sales were $367.2m (£232m) − up $45.8m, or 14.3 per cent, from $321.4m in the previous quarter and up $190.3m, or 107.6 per cent, from $176.9m in the prior-year quarter.

Net income for the third quarter was $76.3m, or $0.82 per diluted share, compared with second-quarter net income of $63.3m, or $0.66 per diluted share, and a net loss of $4m, or $0.04 per diluted share, in the third quarter of 2010.