KLA Corp.
KLAC,
shares ticked higher in the extended session Wednesday after the chip-making equipment company’s results and forecast came in above Wall Street estimates.
KLA shares rose 0.6% after hours, following a 4.2% decline in the regular session to close at $286.30.
The company reported fiscal second-quarter net income of $457.3 million, or $2.94 a share, compared with $380.6 million, or $2.40 a share, in the year-ago period.
Adjusted earnings, which exclude acquisition and restructuring expenses and other items, were $3.24 a share, compared with $2.66 a share in the year-ago period.
Revenue rose to $1.65 billion from $1.51 billion in the year-ago quarter.
Analysts surveyed by FactSet had forecast $3.20 a share on revenue of $1.6 billion.
KLA forecast earnings of $3.23 to $3.91 a share on revenue of $1.67 billion to $1.82 billion for the third quarter. Analysts estimate $3.22 a share on revenue of $1.61 billion.
This article is auto-generated by Algorithm Source: www.marketwatch.com
