MILPITAS, Calif. (AP) 鈥� MILPITAS, Calif. (AP) 鈥� KLA Corporation (KLAC) on Wednesday reported fiscal third-quarter profit of $1.2 billion.
On a per-share basis, the Milpitas, California-based company said it had profit of $9.12. Earnings, adjusted for one-time gains and costs, came to $9.40 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $9.16 per share.
The maker of equipment for manufacturing semiconductors posted revenue of $3.42 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.38 billion.
For the current quarter ending in June, KLA expects its per-share earnings to range from $8.87 to $10.87.
The company said it expects revenue in the range of $3.38 billion to $3.78 billion for the fiscal fourth quarter.
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