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KLA Corporation Beats Q2 Results, But Guidance Misses Expectations

KLA Corporation Beats Q2 Results, But Guidance Misses Expectations Jan. 29, 2024, 11:32 a.m., readers: 22

KLA Corporation (NASDAQ:KLAC) announced robust financial results for its second fiscal quarter, with earnings per share (EPS) of $6.16 surpassing the consensus estimate of $5.89. The company's revenue for the quarter reached $2.49 billion, exceeding the anticipated $2.45 billion. Looking to the third quarter, KLA predicts its EPS will range from $4.66 to $5.86, with the midpoint falling below the consensus estimate of $5.85. The company's revenue forecast for Q3 is set between $2.175 billion and $2.425 billion, which is lower than the consensus projection of $2.46 billion.

About NASDAQ: KLAC

K LA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process;

Price: 848.88
Market cap: 114.3 billion USD
Eps: 19.14
P/e ratio: 44.35
Focus Analysis On: KLAC