Applied Materials forecasts third-quarter revenue above estimates

Reuters

Thu, May 15, 2025, 1:09 PM 1 min read

(Reuters) -Chipmaking instrumentality shaper Applied Materials missed Wall Street estimation for second-quarter gross connected Thursday, against the backdrop of heightened uncertainty astir the ongoing commercialized warfare and export curbs.

Shares of the Santa-Clara, California based institution fell 2% successful extended trading.

For the 4th ended March 31, the institution reported gross of $7.10 billion, portion analysts' connected mean estimated $7.13 billion, according to information compiled by LSEG.

It forecast third-quarter gross of $7.20 billion, positive oregon minus $500 million, compared with the estimation of $7.19 billion.

(Reporting by Priyanka.G successful Bengaluru; Editing by Shilpi Majumdar)