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Non-Tech : Kirk's Market Thoughts

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Nov 28 9:30 AM EST

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To: Kirk © who wrote (6620)	1/29/2019 7:45:06 PM
From: robert b furman	1 Recommendation Recommended By Kirk © Read Replies (1) of 26635

Hi Kirk, Klac came out with good earnings tonight too: MILPITAS, Calif. (AP) _ KLA-Tencor Corp. (KLAC) on Tuesday reported fiscal second-quarter net income of $369.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Milpitas, California-based company said it had net income of $2.42. Earnings, adjusted for one-time gains and costs, came to $2.44 per share. The results topped 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 $1.12 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.07 billion. KLA-Tencor shares have climbed 13 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 5 percent. In the final minutes of trading on Tuesday, shares hit $100.99, a drop of almost 10 percent in the last 12 months. Sox will rock tomorrow!! Bob

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