KLA-Tencor Corp. (KLAC) 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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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.