Applied Materials reports Q1 revenue down 2% YoY to $7.01B, vs. $6.86B est., and forecasts Q2 revenue above estimates; AMAT jumps 12%+ after hours (Dina Bass/Bloomberg)

Dina Bass / Bloomberg: Applied Materials reports Q1 revenue down 2% YoY to $7.01B, vs. $6.86B est., and forecasts Q2 revenue above estimates; AMAT jumps 12%+ after hours   —  Applied Materials Inc. surged 10% in late trading after delivering a surprisingly upbeat sales forecast, signaling that demand …