Investing.com - KLA Corp reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KLA Corp announced earnings per share of $7.06 on revenue of $2.72. Analysts polled by Investing.com anticipated EPS of $6.22 on revenue of $2.6B.
KLA Corp shares are down 4.3% from the beginning of the year and are trading at $314.50 , down-from-52-week-high.
KLA Corp shares gained 2.64% in after-hours trade after the report.
KLA Corp follows other major Information Technology sector earnings this month
KLA Corp's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar