KLA: Fiscal Q3 Earnings Snapshot

MILPITAS, Calif. (AP) — MILPITAS, Calif. (AP) — KLA Corporation (KLAC) on Wednesday reported fiscal third-quarter profit of $1.2 billion.

On a per-share basis, the Milpitas, California-based company said it had profit of $9.12. Earnings, adjusted for one-time gains and costs, came to $9.40 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $9.16 per share.

The maker of equipment for manufacturing semiconductors posted revenue of $3.42 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.38 billion.

For the current quarter ending in June, KLA expects its per-share earnings to range from $8.87 to $10.87.

The company said it expects revenue in the range of $3.38 billion to $3.78 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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