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Oct. 28, 2020, 4:15 p.m. EDT

KLA stock wobbly following earnings, outlook beats

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    KLA Corp. (KLAC)

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By Wallace Witkowski

KLAC

KLA Corp. /zigman2/quotes/209248041/composite KLAC +2.08% shares shifted between slight gains and losses in the extended session Wednesday even after the chip equipment maker’s results and outlook topped Wall Street views. KLA shares were last down 0.3% after hours, following a 4.1% decline in the regular session to close at $190.55. The company reported fiscal first-quarter net income of $420.6 million, or $2.69 a share, compared with $346.5 million, or $2.16 a share, in the year-ago period. Adjusted earnings were $3.03 a share, compared with $2.48 a share in the year-ago quarter. Revenue rose to $1.54 billion from $1.41 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $2.77 a share on revenue of $1.49 billion. KLA expects fiscal second-quarter earnings of $2.82 to $3.46 a share on revenue of $1.51 billion to $1.66 billion, while analysts had forecast $2.80 a share on revenue of $1.5 billion.

/zigman2/quotes/209248041/composite
US : U.S.: Nasdaq
$ 254.13
+5.18 +2.08%
Volume: 335,501
Nov. 27, 2020 1:00p
P/E Ratio
30.92
Dividend Yield
1.42%
Market Cap
$38.61 billion
Rev. per Employee
$547,390
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