Applied Materials reported revenue and net income of $4.20 billion and $135 million respectively, for the first quarter of 2018. Revenue grew 28% compared to same quarter of previous year, while net income showed a decline of 81%. Drastic decline in net income was due to $1 billion tax charge related to Tax Cuts and Jobs Act 2017. Display and Adjacent Markets net sales was $455 million, compared to $422 million reported in Q1 of 2017.
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