KLA-Tencor Corporation (NASDAQ:KLAC) semiconductor equipment manufacturer, is expected to report fourth quarter earnings results, after market close, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 2.41 per share.
Looking ahead, the full year income are expected at $ 9.98 per share on the revenues of $ 5755.98 million.
Previous Quarter Performance
KLA-Tencor Corporation disclosed income for the third quarter of $ 2.47 per share, from the revenue of $ 1,424.00 million. The quarterly earnings surged 37.22 percent compared with the same quarter last year. Wall street analysts are predicting, KLAC to report 3Q20 income of $ 2.28 per share from revenue of $ 1394.47 million. The bottom line results beat street analysts by $ 0.19 or 8.33 percent, at the same time, top line results outshined analysts by $ 29.53 million or 2.12 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of KLAC was $ 199.83, representing a 81.35 % increase from the 52 week low of $ 110.19 and a 4.52 % decrease over the 52 week high of $ 209.30.
The company has a market capital of $ 30.98 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
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Recent Analyst recommendations
- On 9th July 2020, downgraded by Cowen to Market Perform from Outperform rating.
- On 17th June 2020, downgraded by Evercore ISI to In-Line from Outperform rating.
- On 16th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 167.00 target price.
Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 0.85 per share to holders of record as of the close of business on May 18, 2020, with payment date of June 2, 2020 and ex-dividend date on May 15, 2020.
Conference Call
KLA-Tencor Corporation will be hosting a conference call at 5:00 PM eastern time on 3rd August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kla.com
KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process. It also provides reticle manufacturing products, such as reticle inspection, metrology, and data analytics systems for mask shops; and packaging manufacturing products comprising standalone and cluster inspection and metrology systems for various applications in the field of semiconductor packaging.
