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Susquehanna Cuts Price Target on KLA-Tencor (KLAC) Following Strong 1Q

Go back to Susquehanna Cuts Price Target on KLA-Tencor (KLAC) Following Strong 1Q

KLA-Tencor Reports Fiscal 2017 First Quarter Results

October 20, 2016 4:15 PM EDT

MILPITAS, Calif., Oct. 20, 2016 /PRNewswire/ -- KLA-Tencor Corporation (NASDAQ: KLAC) today announced operating results for its first quarter of fiscal year 2017, which ended on September 30, 2016, and reported GAAP net income of $178 million and GAAP earnings per diluted share of $1.13 on revenues of $751 million.

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"KLA-Tencor's Q1 results finished above the midpoint of the range of guidance for shipments and revenue for the quarter, and exceeded... More