KLA-Tencor Corp (KLAC) Tops Q3 EPS by 9c, Sales Beat

KLA-Tencor Corp (NASDAQ: KLAC) reported Q3 GAAP EPS of $1.21, $0.09 better than the analyst estimate of $1.12. Revenue for the quarter came in at $832 million versus the consensus estimate of $822.64 million.

"KLA-Tencor delivered solid results for the third quarter of fiscal year 2014, demonstrating our market leadership and strong operational execution," commented Rick Wallace, President and CEO of KLA-Tencor. "Semiconductor device manufacturers are facing enormous challenges in transitioning from planar to 3D transistor structures and in implementing new process technologies at the leading edge such as multi-patterning lithography. Although the semiconductor capital equipment industry is currently experiencing a pause in demand after a strong initial ramp of some of these new technologies, we remain focused on partnering with our customers to address yield issues associated with these ramps."

For earnings history and earnings-related data on KLA-Tencor Corp (KLAC) click here.

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• Independent Bank receives regulatory approval for HCB Financial acquisition
• Cooper Companies (COO) Reiterated at Buy by Stifel After Earnings Call