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Technology Stocks : Semi Equipment Analysis

SOXX 299.48

-4.8%

Dec 12 4:00 PM EST

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Donald Wennerstrom

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To: Donald Wennerstrom who wrote (81556)	10/29/2018 4:54:10 PM
From: FJB	2 Recommendations Read Replies (1) of 95574

KLA-Tencor: Fiscal 1Q Earnings Snapshot MILPITAS, Calif. (AP) _ KLA-Tencor Corp. (KLAC) on Monday reported fiscal first-quarter profit of $395.9 million. On a per-share basis, the Milpitas, California-based company said it had profit of $2.54. Earnings, adjusted for pretax gains, came to $2.46 per share. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share. The maker of equipment for manufacturing semiconductors posted revenue of $1.09 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.07 billion. KLA-Tencor shares have dropped 19 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased 1 percent. In the final minutes of trading on Monday, shares hit $85.13, a decline of 21 percent in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLAC at zacks.com

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