MILPITAS, Calif. (AP) — MILPITAS, Calif. (AP) — KLA Corporation (KLAC) on Wednesday reported fiscal third-quarter profit of $1.09 billion.
The Milpitas, California-based company said it had profit of $8.16 per share. Earnings, adjusted for one-time gains and costs, came to $8.41 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $8.06 per share.
The maker of equipment for manufacturing semiconductors posted revenue of $3.06 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $3.01 billion.
For the current quarter ending in June, KLA expects its per-share earnings to range from $7.75 to $9.31.
The company said it expects revenue in the range of $2.93 billion to $3.23 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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