Applied Materials forecasts second-quarter revenue below estimates
(Reuters) - Applied Materials Inc forecast second-quarter revenue largely below market estimates on Tuesday, signaling that supply chain woes will hurt its ability to make the equipment that enables semiconductor production.
The company expects revenue of $6.05 billion to $6.65 billion in the quarter, compared with analysts' average estimate of $6.38 billion, according to Refinitiv IBES data.
(Reporting by Akash Sriram and Chavi Mehta in Bengaluru; Editing by Aditya Soni)