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Chip Gear Maker KLA Tops June-Quarter Sales, Earnings Goals

Semiconductor equipment maker KLA (KLAC) late Thursday easily topped analyst estimates for its fiscal fourth quarter. KLA stock jumped in extended trading.




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The Milpitas, Calif.-based company earned an adjusted $4.43 a share on sales of $1.93 billion in the quarter ended June 30. Wall Street expected KLA earnings of $3.99 a share on sales of $1.87 billion. In the year-earlier period, KLA earned $2.73 a share on sales of $1.46 billion.

In after-hours trading on the stock market today, KLA stock popped 3.2% higher, near 329.50. During the regular session Thursday, KLA stock rose 1.2% to 319.43.

KLA stock has been consolidating for the past 16 weeks at a buy point of 359.79, according to IBD MarketSmith charts.

Earnings report details to follow.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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