MILPITAS, Calif. (AP) — MILPITAS, Calif. (AP) — KLA Corporation (KLAC) on Wednesday reported fiscal first-quarter profit of $1.12 billion.
On a per-share basis, the Milpitas, California-based company said it had profit of $8.47. Earnings, adjusted for one-time gains and costs, came to $8.81 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $8.55 per share.
The maker of equipment for manufacturing semiconductors posted revenue of $3.21 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.16 billion.
For the current quarter ending in December, KLA expects its per-share earnings to range from $7.92 to $9.48.
The company said it expects revenue in the range of $3.08 billion to $3.38 billion for the fiscal second 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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