KLA-Tencor Earnings Cheat Sheet: Another Solid Sales Quarter

S&P 500 (NYSE:SPY) component KLA-Tencor Corporation (NASDAQ:KLAC) reported net income above Wall Street’s expectations for the fourth quarter. KLA-Tencor Corporation is a company that designs, manufactures and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. Its primary offerings include wafer and integrated circuit (IC) defect monitoring.

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KLA-Tencor Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for KLA-Tencor Corporation rose to $245 million ($1.43 per share) vs. $113.1 million (66 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter.

Revenue: Rose 59.5% to $892 million from the year earlier quarter.

Actual vs. Wall St. Expectations: KLAC reported adjusted net income of $1.50 per share. By that measure, the company beat the mean estimate of $1.35 per share. It beat the average revenue estimate of $872.7 million.

Quoting Management: “KLA-Tencor delivered record levels of revenue, earnings and cash flow from operations in the fourth quarter and the year, reflecting the successful execution of our long termstrategies,” commented Rick Wallace, KLA-Tencor’s president and chief executive officer. “These outstanding results are the product of the tremendous efforts of our employees, our leading technology and our strong partnerships with our customers, all of which have us well-positioned for future success.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 81.1%, with the biggest boost coming in the first quarter when revenue rose 99.1% from the year earlier quarter.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 7 cents in the third quarter, by 4 cents in the second quarter, and by 13 cents in the first quarter.

Competitors to Watch: Rudolph Technologies, Inc. (NASDAQ:RTEC), Nanometrics Incorporated (NASDAQ:NANO), Nova Measuring Instruments Ltd. (NASDAQ:NVMI), Applied Materials, Inc. (NASDAQ:AMAT), Zygo Corporation (NASDAQ:ZIGO), Camtek LTD. (NASDAQ:CAMT), CyberOptics Corporation (NASDAQ:CYBE), Lam Research Corporation (NASDAQ:LRCX), LTX-Credence Corporation (NASDAQ:LTXC), and Cohu, Inc. (NASDAQ:COHU).

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(Source: Xignite Financials)