KLA Corporation (KLAC) recently published its second-quarter earnings report, which revealed a decrease in earnings from the same period in the previous year. However, these results surpassed the predictions made by the Street.
KLA Corporation recorded a net income of $582.53 million, equating to $4.28 per share. This is a significant drop compared to the second quarter of the previous year, where the figures stood at $978.80 million or $6.89 per share.
When special items are excluded, the adjusted earnings of KLA Corporation for this period were $839.20 million or $6.16 per share.
Expectations set by financial analysts, according to Thomson Reuters data, were for the company to post earnings of $5.91 per share. These predictions usually do not account for special items.
Sales revenue for the quarter fell 16.4% to $2.49 billion, down from $2.98 billion a year earlier.
Here's a glance at KLA Corporation's earnings using Generally Accepted Accounting Principles (GAAP):
- The company recorded earnings of $582.53 Million for Q2, down from $978.80 Million last year.
- Earnings per share (EPS) for Q2 stood at $4.28, a decrease from $6.89 last year.
- Analysts predicted an EPS of $5.91.
- The company's revenue for Q2 was $2.49 Billion, a reduction from $2.98 Billion last year.
Looking ahead, KLA Corporation anticipates its EPS for the next quarter to be in the range of $4.66 - $5.86, with revenue estimates between $2.175 and $2.475 billion.
