Global chip scramble boosts Applied Materials forecast above estimates
Автор: About Business News
Загружено: 2021-08-20
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Global chip scramble boosts Applied Materials forecast above estimates.
Applied Materials Inc (AMAT.O) on Thursday forecast sales for the current quarter above market estimates, thanks to demand for its semiconductor manufacturing tools from chipmakers rushing to add capacity amid a global shortage.
A pandemic-driven boom in sales of laptops, gaming consoles and personal vehicles has forced automakers to compete with the consumer electronics industry for scarce chip supplies, boosting orders for chip factory tools from Applied Materials.
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Shares were mostly flat in after-hours trading.
The company said it expected current-quarter net sales of $6.33 billion, plus or minus $250 million, compared with analysts' estimates of $6.04 billion, according to Refinitiv IBES data.
It also reported a 41% rise in sales to $6.2 billion for the third quarter, ended Aug.
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