KLA-Tencor (KLAC) Guides Q2 Below The Street
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KLA-Tencor Corporation (NASDAQ: KLAC) sees Q2 revenue $390 - $400 million, below the consensus of $415.66 million.
“Global economic uncertainty, weak consumer demand, and turbulent financial markets have led our customers to scale back production operations and reduce capital expenditures. Business conditions in our markets have deteriorated sharply in recent weeks, leading to unanticipated shortfall in quarterly new orders, revenues and earnings for KLA-Tencor, with weak services revenue a key contributing factor to that result,” commented Rick Wallace, president and CEO of KLA-Tencor.
KLA-Tencor is unable to provide an estimate of its GAAP or Non-GAAP earnings per share until the completion of the ongoing evaluation of the value of its goodwill and intangible assets, but expects that it will report a loss from operations for the quarter, even before taking into account the impairment charge described above. The consensus is a loss of $0.01.
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