By Micah Maidenberg

Applied Materials Inc. said it believes it will generate sales of $4.95 billion at the midpoint during its current quarter.

The maker of equipment used by chipmakers on Thursday also said it believes it will generate an adjusted profit for its fiscal-first quarter of $1.20 to $1.32 a share.

Applied's most recent quarter and fiscal year ended October 25.

Applied stock gained 2.7% to $71.70 in after-hours trading.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

11-12-20 1639ET