Applied Materials stock price in focus: AMAT outlook beats estimates as export settlement hangs over open
Applied Materials forecast second-quarter revenue and profit above Wall Street estimates, sending its shares up over 12% after hours. The company reported first-quarter revenue of $7.01 billion and agreed to pay $252.5 million to resolve a U.S. export-controls probe. Shares of Lam Research and KLA also rose nearly 3% each in late trading.