KLA-Tencor Earnings, Revenue Beat in Q2

KLA-Tencor Earnings, Revenue Beat in Q2

© Reuters.  KLA-Tencor Earnings, Revenue Beat in Q2 © Reuters. KLA-Tencor Earnings, Revenue Beat in Q2

Investing.com – KLA-Tencor (NASDAQ:KLAC) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

KLA-Tencor announced earnings per share of $3.24 on revenue of $1.65B. Analysts polled by Investing.com anticipated EPS of $3.18 on revenue of $1.6B.

KLA-Tencor shares are up 6% from the beginning of the year, still down 9.89% from its 52 week high of $317.60 set on January 20. They are broadly in line with the Nasdaq which is up 5.6% from the start of the year.

KLA-Tencor follows other major Technology sector earnings this month

KLA-Tencor's report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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