Process control and yield management solutions provider KLA-Tencor Corporation (KLAC) on Thursday posted a downturn in fiscal third quarter earnings, but results still beat analyst expectations.
The Milpitas, CA-based company reported fiscal third quarter net income of $205 million, or $1.21 per share, compared with $210 million, or $1.22 per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.27 per share.
Revenue rose less than 1% from last year to $841 million.
On average, Wall Street analysts expected a much smaller profit of $1.09 per share, on lower revenue of $802.1 million.
KLAC shares closed up $1.91, or +3.6%, in Thursday trading.
The Bottom Line
Shares of KLA-Tencor (KLAC) have a 2.54% dividend yield, based on today’s closing stock price of $55.11. The stock has technical support in the $50 price area. If the shares can firm up, we see overhead resistance around the $60-$61 price levels.
KLA-Tencor Corporation (KLAC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here