MILPITAS, Calif. (AP) — MILPITAS, Calif. (AP) — KLA Corporation $KLAC (KLAC) on Thursday reported fiscal second-quarter profit of $582.5 million.
On a per-share basis, the Milpitas, California-based company said it had profit of $4.28. Earnings, adjusted for one-time gains and costs, came to $6.16 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $5.88 per share.
The maker of equipment for manufacturing semiconductors posted revenue of $2.49 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $2.46 billion.
For the current quarter ending in March, KLA expects its per-share earnings to range from $4.66 to $5.86.
The company said it expects revenue in the range of $2.17 billion to $2.42 billion for the fiscal third quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLAC at https://www.zacks.com/ap/KLAC