(Reuters) – Applied Materials Inc forecast second-quarter revenue above Wall street estimates on Thursday, as demand for its semiconductor manufacturing tools rebounds following a slump due to the COVID-19 pandemic.
For the current quarter, the company expects revenue of $5.39 billion, plus or minus $200 million, above analysts’ expectations of $4.96 billion, according to IBES data from Refinitiv.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)
