Applied Materials forecasts third-quarter revenue above estimates-January 2024-www.financetom.com

Applied Materials forecasts third-quarter revenue above estimates

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Applied Materials forecasts third-quarter revenue above estimates

May 16, 2024 1:19 PM

May 16 (Reuters) - Semiconductor equipment maker Applied

Materials ( AMAT ) forecast third-quarter revenue above Wall

Street estimates on Thursday, indicating robust demand fueled by

an artificial intelligence boom.

The company expects third-quarter revenue of about $6.65

billion, plus or minus $400 million, compared with analysts'

estimates of $6.58 billion, according to LSEG data.

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