Applied Materials Gives Bullish Forecast in Face of Slowdown
- Chip-gear maker says demand continues to exceed supply
- Foundry and logic manufacturers still spending on technology
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Applied Materials Inc., the biggest maker of machinery used to manufacture semiconductors, gave an upbeat sales forecast for the current period, saying it can weather the economic slowdown afflicting the industry.
Revenue will be about $6.65 billion in the fiscal fourth quarter, which runs through October, the company said in a statement Thursday. Analysts estimated $6.55 billion on average, according to data compiled by Bloomberg.