KLA Corp Earnings, Revenue Beat in Q1

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Investing.com — KLA Corp reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

KLA Corporation (NASDAQ:KLAC) shares gained nearly 2% in after-hours trade following the report.

KLA Corp announced earnings per share of $7.06 on revenue of $2.72. Analysts polled by Investing.com anticipated EPS of $6.22 on revenue of $2.6B.

The beat on both the top and bottom lines arrived despite weakness across a broad set of electronics end markets and an increasingly challenging macro-economic backdrop, the company said.

Looking ahead, the company forecast fiscal second-quarter EPS of $6.30 to $7.70 on revenue of between $2.65 billon and $2.95 billion.