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KLA-Tencor Corp. Q4 adjusted earnings Beat Estimates

KLA-Tencor Corp. (KLAC) announced a profit for its fourth quarter that advanced from the same period last year.

The company's bottom line totaled $349 million, or $2.22 per share. This compares with $256 million, or $1.62 per share, in last year's fourth quarter.

Excluding items, KLA-Tencor Corp. reported adjusted earnings of $348 million or $2.22 per share for the period.

Analysts had expected the company to earn $2.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.8% to $1.07 billion from $0.94 billion last year.

KLA-Tencor Corp. earnings at a glance:

-Earnings (Q4): $348 Mln. vs. $259 Mln. last year.
-EPS (Q4): $2.22 vs. $1.64 last year.
-Analysts Estimate: $2.14
-Revenue (Q4): $1.07 Bln vs. $0.94 Bln last year.

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