FILE PHOTO: A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Chipmaking equipment maker Applied Materials missed Wall Street estimate for second-quarter revenue on Thursday, against the backdrop of heightened uncertainty around the ongoing trade war and export curbs.
Shares of the Santa-Clara, California based company fell 2% in extended trading.
For the quarter ended March 31, the company reported revenue of $7.10 billion, while analysts' on average estimated $7.13 billion, according to data compiled by LSEG.
It forecast third-quarter revenue of $7.20 billion, plus or minus $500 million, compared with the estimate of $7.19 billion.
(Reporting by Priyanka.G in Bengaluru; Editing by Shilpi Majumdar)
