(Reuters) – Applied Materials Inc forecast first-quarter sales below market estimates on Thursday, as the pandemic disrupts supply chains and keeps the company from meeting client orders.
The company, which makes machines used to manufacture chips and other high-tech components, sees current-quarter net sales of $6.16 billion, plus or minus $250 million, compared with analysts’ estimates of $6.50 billion, according to Refinitiv IBES data.
(Reporting by Nivedita Balu in Bengaluru; Editing by Devika Syamnath)
