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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)
07/16/201517:18:55Current Report Filing (8-k)
07/14/201509:29:42Current Report Filing (8-k)
07/14/201508:30:00KLA-Tencor Increases Quarterly Dividend Level To $0.52 per Share...
07/07/201517:14:02Statement of Changes in Beneficial Ownership (4)
07/07/201517:13:35Statement of Changes in Beneficial Ownership (4)
07/02/201516:15:00KLA-Tencor Announces Live Webcast To Review Fourth Quarter Fiscal...
06/26/201506:12:20Amended Current Report Filing (8-k/a)
06/11/201516:15:00KLA-Tencor Announces Analyst Briefing At SEMICON West 2015
05/28/201517:29:31Specialized Disclosure Report (sd)
05/28/201517:06:44Statement of Changes in Beneficial Ownership (4)
05/22/201516:15:00KLA-Tencor Announces Upcoming Investor Presentation
05/20/201512:15:10What Is the S&P 500 Index?
05/18/201518:26:04Initial Statement of Beneficial Ownership (3)
05/18/201517:28:19Initial Statement of Beneficial Ownership (3)
05/08/201506:02:14Current Report Filing (8-k)
05/07/201517:09:47Statement of Changes in Beneficial Ownership (4)
05/07/201516:15:00KLA-Tencor Declares Regular Cash Dividend For The Fourth Quarter...
05/01/201519:05:07Statement of Changes in Beneficial Ownership (4)
04/24/201513:11:49Nomura Trims KLA-Tencor Corp Target Price to $65.00 (KLAC)
04/24/201510:09:12KLA-Tencor Corp Price Target Cut to $65.00 by Analysts at Jefferies...

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