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.
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(END) Dow Jones Newswires