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SAN FRANCISCO, Oct 29 (Reuters) - Chip-equipment maker KLA-Tencor Corp bounced back into the black, snapping a three-quarters loss-making streak with better-than-expected profit and sales in its fiscal first quarter as spending on electronics rose. Its shares gained 1.5 percent in after-hours trading. The company, which competes with Applied Materials Inc to provide systems that monitor and analyze chip products, on Thursday reported net income of $20 million, or 12 cents a share, in its fiscal first quarter, from $19 million, or 11 cents a share a year earlier. Excluding items, it earned 15 cents a share, sharply ahead of the average analysts' estimate of 2 cents a share, according to Thomson Reuters I/B/E/S. Revenue for the first quarter fell to $343 million, but exceeded the average Wall Street estimate of $332.5 million. KLA-Tencor's results are the latest positive sign from the semiconductor industry as demand for consumer electronics begins to recover, particularly spending on personal computers. Shares of KLA-Tencor closed at $34.28 and rose to $34.80 in extended trading, extending a 3 percent gain during the regular session. They had briefly touched $36 in after-hours trade, for a gain of 5 percent. (Reporting by Ian Sherr, editing by Leslie Gevirtz) Keywords: KLATENCOR/ (ian.sherr@thomsonreuters.com; +1 415.677.2542; Reuters Messaging: ian.sherr.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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