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KLA-Tencor Earnings, Revenue Beat in Q1 -Breaking

by Mike Robinson

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© Reuters. KLA Tencor Reports Q1 Earnings and Revenue Beat

KLA Tencor (NASDAQ:), Investing.com reported that Wednesday’s first quarter results beat forecasts. The company also posted a record-breaking revenue.

KLA Tencor posted earnings per share in the range of $4.64 to $2.08B on revenues of $2.08B. Investing.com polled analysts and predicted EPS at $4.52 for revenue of $2.04B.

KLA-Tencor shares have risen 54% since the start of the year. However, they are still 9.08% below their 52-week high of $374.60 on September 17. They are outperforming the S&P 500 which is up 21.22% from the start of the year.

KLA-Tencor is following other significant earnings from the Technology sector this month

KLA-Tencor reports on an Alphabet C earnings beat on Tuesday. They reported EPS at $27.99 for revenue $65.12B. This compares to the forecasted EPS of $23.84 for revenue $63.47B.

Facebook beat all expectations Monday, posting a third-quarter EPS of 3.22 on $29.01B in revenue. This compares to the forecast of EPS at $3.19 for $29.58B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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