KLA Corporation Q4 Profit Increases, Beats Estimates

(RTTNews) - KLA Corporation (KLAC) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $836 million, or $6.18 per share. This compares with $685 million, or $4.97 per share, in last year's fourth quarter.

Excluding items, KLA Corporation reported adjusted earnings of $893 million or $6.60 per share for the period.

Analysts on average had expected the company to earn $6.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.9% to $2.57 billion from $2.36 billion last year.

KLA Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $836 Mln. vs. $685 Mln. last year. -EPS (Q4): $6.18 vs. $4.97 last year. -Revenue (Q4): $2.57 Bln vs. $2.36 Bln last year.

-Guidance: Next quarter EPS guidance: $6.40 - $7.60 Next quarter revenue guidance: $2.60 - $2.9 bLN