MILPITAS, Calif. (AP) — MILPITAS, Calif. (AP) — KLA Corporation (KLAC) on Thursday reported fiscal third-quarter earnings of $601.5 million.
On a per-share basis, the Milpitas, California-based company said it had profit of $4.43. Earnings, adjusted for one-time gains and costs, were $5.26 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.94 per share.
The maker of equipment for manufacturing semiconductors posted revenue of $2.36 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.3 billion.
For the current quarter ending in June, KLA expects its per-share earnings to range from $5.47 to $6.67.
The company said it expects revenue in the range of $2.38 billion to $2.63 billion for the fiscal fourth quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLAC at https://www.zacks.com/ap/KLAC
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