KLA Corporation Q2 Profit Increases, beats estimates

KLA Corporation (KLAC) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $979 million, or $6.89 per share. This compares with $717 million, or $4.71 per share, in last year's second quarter.

Excluding items, KLA Corporation reported adjusted earnings of $1.05 billion or $7.38 per share for the period.

Analysts on average had expected the company to earn $7.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.8% to $2.98 billion from $2.35 billion last year.

KLA Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $979 Mln. vs. $717 Mln. last year.
-EPS (Q2): $6.89 vs. $4.71 last year.
-Analyst Estimate: $7.10
-Revenue (Q2): $2.98 Bln vs. $2.35 Bln last year.

Next quarter EPS guidance: $4.52 to $5.92
Next quarter revenue guidance: $2.200 - $2.500 Bln

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