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KLA-Tencor Swings To 4Q Profit As Revenue Doubles

DOW JONES NEWSWIRES KLA-Tencor Corp. (KLAC) swung to a fiscal fourth-quarter profit as revenue doubled, and the semiconductor-equipment maker's results topped Wall Street's expectations. President and Chief Executive Rick Wallace pointed to "robust product demand in each of our major end markets, geographies and product offerings." KLA-Tencor, which makes systems that monitor semiconductor wafer production, has returned to black ink in the past few quarters as a sharp rebound in demand boosted sales at chip makers. Rival Lam Research Corp. (LRCX) on Wednesday reported it swung to a second-quarter profit as revenue more than tripled. For the quarter ended June 30, KLA-Tencor reported a profit of $113.1 million, or 66 cents a share, compared with a year-earlier loss of $25.6 million, or 15 cents a share. The latest quarter included 4 cents of charges. Revenue jumped 99% to $559.4 million. Analysts estimated earnings of 60 cents on revenue of $558.2 million, according to a poll by Thomson Reuters. Products sales, which provided 77% of total revenue, more than doubled, while service fees climbed 23%. KLA-Tencor's shares closed at $30.82 and were inactive after-hours. The stock, which reached a 52-week low this month, was down 15% this year as of the close. -By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com

Stock News for Kla-tencor (KLAC)
DateTimeHeadline
08/16/201616:15:00KLA-Tencor Announces New Suite of Reticle Inspection Technologies
08/10/201615:50:00Lam Research, KLA-Tencor Shares Fall Amid Deal Status Concerns
08/10/201611:37:44Amended Statement of Ownership (sc 13g/a)
08/10/201609:08:38Current Report Filing (8-k)
08/09/201619:19:24Statement of Changes in Beneficial Ownership (4)
08/09/201619:18:25Statement of Changes in Beneficial Ownership (4)
08/09/201619:17:24Statement of Changes in Beneficial Ownership (4)
08/09/201619:16:18Statement of Changes in Beneficial Ownership (4)
08/09/201619:15:47Statement of Changes in Beneficial Ownership (4)
08/09/201619:14:23Statement of Changes in Beneficial Ownership (4)
08/09/201619:13:36Statement of Changes in Beneficial Ownership (4)
08/05/201617:04:40Annual Report (10-k)
08/04/201617:53:34Statement of Changes in Beneficial Ownership (4)
08/04/201617:51:16Statement of Changes in Beneficial Ownership (4)
08/04/201617:35:17Statement of Changes in Beneficial Ownership (4)
08/04/201617:34:23Statement of Changes in Beneficial Ownership (4)
08/04/201616:15:00KLA-Tencor Declares Regular Cash Dividend For The First Quarter...
07/28/201608:44:07Current Report Filing (8-k)
07/28/201608:30:00KLA-Tencor Reports Fiscal 2016 Fourth Quarter And Full Year Results
07/19/201616:05:28Amended Statement of Changes in Beneficial Ownership (4/a)

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