(Reuters) – Semiconductor equipment maker Applied Materials forecast fourth-quarter revenue above market estimates on Thursday, as it rides on strong demand from chipmakers setting up new manufacturing plants.
The Santa Clara, California-based company expects revenue of $6.51 billion, plus or minus $400 million, compared with analysts’ average estimate of $5.86 billion, according to Refinitiv data.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shinjini Ganguli)
