May 14, 2020 / 8:11 PM / 3 months ago

Applied Materials misses quarterly revenue estimates

May 14 (Reuters) - Chip gear maker Applied Materials Inc missed market estimates for quarterly revenue on Thursday, joining a slew of semiconductor firms that have borne the brunt of manufacturing and supply chain disruptions and fall in demand due to the coronavirus outbreak.

Revenue rose nearly 12% to $3.96 billion in the second quarter ended April 26, missing analysts' average estimate of $4.13 billion, according to IBES data from Refinitiv. (Reporting by Akanksha Rana and Munsif Vengattil in Bengaluru; Editing by Shailesh Kuber)

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