May 18 (Reuters) - Semiconductor manufacturing tools maker Applied Materials Inc (AMAT.O) forecast third-quarter revenue above market estimates on Thursday, as governments around the world pour funding into chip factories.
Chief Executive Officer Gary E. Dickerson said the company believes about $400 billion in government funding is supporting the chip industry.
Applied Materials forecast third-quarter revenue of $6.15 billion, plus or minus $400 million, compared with analysts' estimates of $6.02 billion, according to Refinitiv IBES data.
The company posted second-quarter revenue of $6.63 billion, compared with estimates of $6.38 billion.
On an adjusted basis, the company earned $2 per share in the second quarter, beating estimates of $1.84 according to Refinitiv IBES data.