KLA Corporation beats by $0.54, beats on revs; guides Q1 EPS above consensus, revs in-line
4:10 PM ET 7/27/23 | Briefing.com
Reports Q4 (Jun) earnings of $5.40 per share, excluding non-recurring items, $0.54 better than the FactSet Consensus of $4.86; revenues fell 5.3% year/year to $2.36 bln vs the $2.26 bln FactSet Consensus. Co issues guidance for Q1, sees EPS of $4.75-5.95, excluding non-recurring items, vs. $4.75 FactSet Consensus; sees Q1 revs of $2.225-2.475 bln vs. $2.23 bln FactSet Consensus."KLA's June quarter results exceeded expectations, demonstrating the combination of the broad strength of our portfolio, focused operational execution and high-performing teams coming together to deliver against our financial objectives in what remains a challenging demand environment," said Rick Wallace, president and CEO, KLA Corporation. "KLA continues to be focused on supporting our customer requirements while maintaining critical R&D investments to enable our technology roadmap. Our results are the latest example of successfully meeting or exceeding our commitments and creating value for our customers, partners and shareholders."
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