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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;

Stock News for Kla-tencor (KLAC)
03/20/201716:58:21Statement of Changes in Beneficial Ownership (4)
02/22/201716:15:00KLA-Tencor Introduces New Metrology Systems for Leading-Edge...
02/14/201718:34:43Amended Statement of Beneficial Ownership (3/a)
02/13/201708:30:00PV Nano Cell Signs LOI for the $10M Acquisition of Digital Printer...
02/09/201712:16:32Amended Statement of Ownership (sc 13g/a)
02/08/201718:22:46Statement of Changes in Beneficial Ownership (4)
02/08/201718:22:18Statement of Changes in Beneficial Ownership (4)
02/08/201718:21:51Statement of Changes in Beneficial Ownership (4)
02/08/201718:21:23Statement of Changes in Beneficial Ownership (4)
02/08/201718:20:57Statement of Changes in Beneficial Ownership (4)
02/08/201718:19:52Initial Statement of Beneficial Ownership (3)
02/03/201717:09:31Statement of Changes in Beneficial Ownership (4)
02/03/201717:07:47Statement of Changes in Beneficial Ownership (4)
02/03/201717:06:28Statement of Changes in Beneficial Ownership (4)
02/03/201717:05:12Statement of Changes in Beneficial Ownership (4)
02/03/201706:02:40Current Report Filing (8-k)
02/02/201716:15:00KLA-Tencor Declares Regular Cash Dividend for the First Quarter...
02/01/201716:15:00KLA-Tencor Announces Upcoming Investor Presentation
01/27/201706:11:29Quarterly Report (10-q)
01/26/201716:39:54Current Report Filing (8-k)

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