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KLA-Tencor Corp. (KLAC) Rose To A New High On Strong Q2 Results

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KLA-Tencor Corp. (KLAC: Quote) reported second quarter adjusted net income of $0.63 per share after the close Thursday, down from $0.72 per share last year. The consensus estimate was for EPS of $0.56. Revenues grew to $673.0 million from $642.5 million a year ago. The consensus estimate was for revenues of $634.9 million.

KLA-Tencor gapped up Friday and spiked higher in early trade. The stock settled into a narrow range for the majority of the session and closed up by 4.37 at $56.34 on strong volume. KLA-Tencor has been on an upward trend for the last 2 months and broke out to a new high for the year.

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by RTT Staff Writer

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