Semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 18.5% year on year to $2.84 billion. On top of that, next quarter’s revenue guidance ($2.95 billion at the midpoint) was surprisingly good and 3.5% above what analysts were expecting. Its non-GAAP profit of $7.33 per share was also 4% above analysts’ consensus estimates.
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KLA Corporation (KLAC) Q3 CY2024 Highlights:
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Revenue: $2.84 billion vs analyst estimates of $2.76 billion (3% beat)
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Adjusted EPS: $7.33 vs analyst estimates of $7.05 (4% beat)
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Revenue Guidance for Q4 CY2024 is $2.95 billion at the midpoint, above analyst estimates of $2.85 billion
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Adjusted EPS guidance for Q4 CY2024 is $7.75 at the midpoint,…
