KLA Corporation Q4 Profit Increases, Beats Estimates

(RTTNews) - KLA Corporation (KLAC) revealed earnings for its fourth quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $1.202 billion, or $9.06 per share. This compares with $836.45 million, or $6.18 per share, last year.

Excluding items, KLA Corporation reported adjusted earnings of $1.244 billion or $9.38 per share for the period.

Analysts on average had expected the company to earn $8.55 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 23.6% to $3.174 million from $2.568 million last year.

KLA Corporation earnings at a glance (GAAP) :

-Earnings: $1.202 Bln. vs. $836.45 Mln. last year. -EPS: $9.06 vs. $6.18 last year. -Revenue: $3.174 Mln vs. $2.568 Mln last year.

-Guidance: Next quarter EPS guidance: $7.76 - 9.30 Next quarter revenue guidance: $3.00 - $3.30 Bln