KLA Corp. (NASDAQ:KLAC) released its third-quarter results after Wednesday's closing bell. Here's a look at the details from the quarter.
The Details: KLA reported quarterly earnings of $8.41 per share, which beat the analyst consensus estimate of $8.08. Quarterly revenues of $3.06 billion beat the analyst consensus estimate of $3.01 billion and is up from revenues of $2.36 billion from the same period last year.
Read Next: SoFi Brings Crypto Back After Trump Policy Changes
“KLA’s March quarter results were above the midpoint of our guidance ranges and established a strong start to the calendar year. Though global trade dynamics are driving uncertainty across the global economy, to date, we have received no indications of demand changes from our customers for calendar year 2025,” said Rick Wallace, CEO of KLA Corporation.
Outlook: KLA sees fourth-quarter adjusted earnings of between $7.75 and $9.31 per share, versus the $7.98 analyst estimate, and revenue in a range of $2.92 billion to $3.22 billion, versus the $3 billion estimate.
KLAC Price Action: According to data from Benzinga Pro, KLA stock was down 1.81% after-hours at $690 on Wednesday.
Read Next:
Photo: Shutterstock
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.