KLA-Tencor Corporation (NASDAQ:KLAC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
KLA-Tencor Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 20.47% to $1.01 in the quarter versus EPS of $1.27 in the year-earlier quarter.
Revenue: Decreased 13.27% to $729 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: KLA-Tencor Corporation reported adjusted EPS income of $1.01 per share. By that measure, the company beat the mean analyst estimate of $0.86. It beat the average revenue estimate of $726.82 million.
Quoting Management: “KLA-Tencor delivered solid financial results in the March quarter, demonstrating consistent execution against our long-term strategic objectives,” said president and CEO Rick Wallace. “The importance of process control to our customers is increasing as the yield challenges at the leading edge become more complex. We believe that this trend, paired with KLA-Tencor’s superior technology and customer focus, will enable KLA-Tencor to continue generating strong operating results and maintain its market leadership position.”
Key Stats (on next page)…