KLA Posts Fiscal Q1 Net Income of $1.55 Billion, Beats Revenue and Earnings Estimates

KLA Corp. (KLAC) reported fiscal first-quarter net income of $1.55 billion, or $1.18 per share, on Wednesday, with adjusted earnings of $1.22 per share surpassing the $1.18 average estimate of eight analysts surveyed by Zacks Investment Research. Revenue for the period totaled $4.14 billion, topping the $4.05 billion forecast by seven Zacks analysts. The Milpitas, California-based semiconductor equipment maker said adjusted results excluded one-time gains and costs. For the fiscal second quarter ending in December, KLA projects per-share earnings of $1.33 to $1.55 and revenue of $4.5 billion to $4.9 billion.