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Applied Materials Tops Estimates, Underscoring Chip Strength

  • CEO Dickerson says business to remain solid into next year
  • Company revenue at record as chipmakers look to boost output
Updated on

Applied Materials Inc., the biggest maker of machinery used to manufacture semiconductors, topped earnings estimates and gave a rosy forecast in the latest sign that the chip boom is going strong. 

Revenue will be roughly $6.3 billion in the three-month period ending in October, the Santa Clara, California-based company said Thursday. Analysts have estimated $6.04 billion on average, according to data compiled by Bloomberg. Profit will be $1.87 to $2.01 a share in the fiscal fourth quarter, excluding some items, compared with an average estimate of $1.81.