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KLA-Tencor Corp. Q1 adjusted earnings Beat Estimates

KLA-Tencor Corp. (KLAC) revealed a profit for its first quarter that climbed from last year.

The company's profit totaled $396 million, or $2.54 per share. This compares with $281 million, or $1.78 per share, in last year's first quarter.

Excluding items, KLA-Tencor Corp. reported adjusted earnings of $384 million or $2.46 per share for the period.

Analysts had expected the company to earn $2.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.3% to $0.97 billion from $1.07 billion last year.

KLA-Tencor Corp. earnings at a glance:

-Earnings (Q1): $384 Mln. vs. $284 Mln. last year.
-EPS (Q1): $2.46 vs. $1.80 last year.
-Analysts Estimate: $2.21
-Revenue (Q1): $0.97 Bln vs. $1.07 Bln last year.

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