MILPITAS, Calif. (AP) — MILPITAS, Calif. (AP) — KLA Corporation (KLAC) on Thursday reported fiscal fourth-quarter net income of $1.2 billion.
On a per-share basis, the Milpitas, California-based company said it had profit of $9.06. Earnings, adjusted for one-time gains and costs, were $9.38 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $8.53 per share.
The maker of equipment for manufacturing semiconductors posted revenue of $3.17 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.08 billion.
For the year, the company reported profit of $4.06 billion, or $30.37 per share. Revenue was reported as $12.16 billion.
For the current quarter ending in September, KLA expects its per-share earnings to range from $7.76 to $9.30.
The company said it expects revenue in the range of $3 billion to $3.3 billion for the fiscal first 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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