KLA Corporation reports results for the quarter ended September 30 - Earnings Summary

• KLA Corporation reported quarterly adjusted earnings of $1.22​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of twenty two analysts for the quarter was for earnings of $1.18 per share. Wall Street expected results to range from $1.16 to $1.25 per share.

• Revenue rose 28.9% to $4.14 billion from a year ago; analysts expected $4.04 billion.

• KLA Corporation's reported EPS for the quarter was $1.18​.

• The company reported quarterly net income of $1.55 billion.

• KLA Corporation shares had fallen by 21.2% this quarter and gained 26.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

• Wall Street's median 12-month price target for KLA Corporation is $227.00, about 30.1% above its last closing price of $158.77

This summary was machine generated from LSEG data October 29 at 12:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)