Applied Materials Jumps After Forecast Shows Rebound for Chips – Bloomberg
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Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Tech Earnings:
Applied Materials Inc., the largest US maker of chipmaking machinery, jumped in late trading after giving a bullish revenue forecast for the current period, signaling that some of the largest semiconductor companies are increasing their investments in new production.
Fiscal second-quarter sales will be about $6.5 billion, the company said in a statement Thursday. That compares with an average analyst estimate of $6.32 billion. Excluding some items, profit will be $1.79 to $2.15 a share in the period, which ends in April. The average projection was at the low end of that range.
