Investing.com - KLA-Tencor (NASDAQ:KLAC) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KLA-Tencor announced earnings per share of $2.66 on revenue of $1.51B. Analysts polled by Investing.com anticipated EPS of $2.58 on revenue of $1.48B. That with comparison to EPS of $2.44 on revenue of $1.12B in the same period a year before.KLA-Tencor had reported EPS of $2.48 on revenue of $1.41B in the previous quarter.Analysts are expecting EPS of $2.46 and revenue of $1.42B in the upcoming quarter.
KLA-Tencor shares are down 2% from the beginning of the year and are trading at $180.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.65% year to date.
KLA-Tencor shares gained 0.77% in after-hours trade following the report.
KLA-Tencor follows other major Technology sector earnings this month
KLA-Tencor's report follows an earnings beat by Apple on Tuesday, January 28, 2020, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday, January 29, 2020 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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