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KLA-Tencor 4Q Net Surges As Product Sales Soar, Margins Rise

DOW JONES NEWSWIRES KLA-Tencor's (KLAC) fiscal fourth-quarter profit more than doubled as the semiconductor-equipment maker reported surging product sales, while service fee revenue also increased and operating margins jumped. The company, which makes systems that monitor semiconductor wafer production, has reported strong revenue growth for more than a year as global demand for computer chips rebounded sharply. Rival Lam Research Corp. (LRCX) on Wednesday reported its fiscal fourth-quarter profit slipped 10% due to bigger restructuring charges and higher expenses, masking revenue growth. For the quarter ended June 30, KLA-Tencor reported a profit of $245 million, or $1.43 a share, up from $113.1 million, or 66 cents a share, a year earlier. Excluding items such as restructuring, earnings rose to $1.50 a share from 70 cents a year earlier. Revenue improved 60% to $892.4 million. Earlier this month, the company projected results would be at "the upper end" of the April view of $1.28 to $1.44 in earnings and $840 million to $900 million in revenue. Operating margin climbed to 38.6% from 28.8%. Product sales, which provide a bulk of the top-line figure, increased 73% while service fees were up 15%. Shares closed down slightly in Thursday trading and fell another 0.5% to $41.50 after-hours. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Kla-tencor (KLAC)
10/20/201617:09:53Quarterly Report (10-q)
10/20/201617:09:01Current Report Filing (8-k)
10/20/201616:24:30Current Report Filing (8-k)
10/20/201616:15:00KLA-Tencor Reports Fiscal 2017 First Quarter Results
10/11/201616:57:00KLA-Tencor Announces Live Webcast To Review First Quarter Fiscal...
10/07/201616:13:45Current Report Filing (8-k)
10/06/201611:22:00Correction to Lam Research, KLA-Tencor Call Off Merger on Antitrust...
10/06/201606:39:25Current Report Filing (8-k)
10/05/201620:42:00Lam Research, KLA-Tenor Call Off Merger on Antitrust Concerns...
10/05/201619:30:00Lam Research, KLA-Tenor Call Off Merger on Antitrust Concerns
10/05/201618:00:00KLA-Tencor Announces Termination Of Merger Agreement With Lam...
10/05/201618:00:00KLA-Tencor Increases Quarterly Dividend Level To $0.54 Per Share...
09/23/201616:32:36Additional Proxy Soliciting Materials (definitive) (defa14a)
09/23/201616:20:00Proxy Statement (definitive) (def 14a)
09/09/201619:23:31Statement of Changes in Beneficial Ownership (4)
09/09/201619:21:13Statement of Changes in Beneficial Ownership (4)
09/09/201619:18:01Statement of Changes in Beneficial Ownership (4)
09/09/201612:51:59Statement of Changes in Beneficial Ownership (4)
09/09/201612:50:20Statement of Changes in Beneficial Ownership (4)
09/09/201612:48:57Statement of Changes in Beneficial Ownership (4)

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