KLA Corp reports results for the quarter ended March 31 - Earnings Summary

• KLA Corp KLAC.OQ reported quarterly adjusted earnings of $8.41​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $5.26. The mean expectation of twenty analysts for the quarter was for earnings of $8.10 per share. Wall Street expected results to range from $8.04 to $8.37 per share.

• Revenue rose 29.8% to $3.06 billion from a year ago; analysts expected $3.01 billion.

• KLA Corp's reported EPS for the quarter was $8.16​.

• The company reported quarterly net income of $1.09 billion.

• KLA Corp shares had risen by 1.2% this quarter and gained 9.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5% 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 17 "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 Corp is $802.50

This summary was machine generated from LSEG data May 1 at 12:00 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)