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KLA-Tencor: Fiscal 3Q Earnings Snapshot

KLA-Tencor: Fiscal 3Q Earnings Snapshot

MILPITAS, Calif. (AP) _ KLA-Tencor Corp. (KLAC) on Monday reported fiscal third-quarter profit of $192.7 million.

On a per-share basis, the Milpitas, California-based company said it had net income of $1.23. Earnings, adjusted for non-recurring costs, were $1.80 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The maker of equipment for manufacturing semiconductors posted revenue of $1.1 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.07 billion.

KLA-Tencor shares have increased 39% since the beginning of the year, while the Standard & Poor's 500 index has climbed 17%. In the final minutes of trading on Monday, shares hit $124.67, a rise of 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLAC at https://www.zacks.com/ap/KLAC

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