KLA-Tencor Corp. Q1 adjusted earnings Beat Estimates

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

The company's bottom line came in at $1.07 billion, or $6.96 per share. This compares with $0.42 billion, or $2.69 per share, in last year's first quarter.

Excluding items, KLA-Tencor Corp. reported adjusted earnings of $712.03 million or $4.64 per share for the period.

Analysts had expected the company to earn $4.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 35.1% to $2.08 billion from $1.54 billion last year.

KLA-Tencor Corp. earnings at a glance:

-Earnings (Q1): $712.03 Mln. vs. $474.77 Mln. last year.
-EPS (Q1): $4.64 vs. $3.03 last year.
-Analysts Estimate: $4.52
-Revenue (Q1): $2.08 Bln vs. $1.54 Bln last year.

Next quarter EPS guidance: $4.95 - $5.85
Next quarter revenue guidance: $2,225 - $2,425 Mln

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