KLAC Up 3.5%: FYQ2 Beats; Q3 View Tops Estimates

Chip equipment vendor KLA Tencor (KLAC) this afternoon reported fiscal Q2 revenue and profit that easily beat consensus.

Revenue in the three months ended in December rose to $642 million, yielding EPS of 72 cents.

Analysts on average had been modeling $629.5 million and 65 cents a share.

Management will host a conference call with analysts at 5 pm, Eastern time, and you can catch the webcast of it here.

Shares of KLA are up 52 cents, or 1%, at $50.75 in late trading.

Update: On the call, management forecast Q3 revenue of $770 million to $830 million, and EPS in a range of $1 to $1.18 per share. That is well ahead of estimates for $684 million and 82 cents per share.

KLA shares are now up $1.76, or 3.5%, at $51.99.

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