UPDATE 2-KLA-Tencor's profit beats street, shares rise - News

Runway Angels
The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Fashion Show.
Smartphone Guide
Here's a need-to-know guide to nine devices, based on features, price, network and platform.
Wines for the Holidays
Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES

How Much Do You Know About Green?
Green has become part of our everyday lives. Green is everywhere-- energy, clothing, food, housing, transportation. It's a big business and a global business.
The Billionaire BFF's
Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?
The Many Myths of Coca-Cola
Can you tell which statements are true, and which ones are just rumors?

SPECIAL REPORTS

Winterizing Your Portfolio
If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.
Investor's Guide to Real Estate
Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.
Alternative Investing
Stocks and bonds? Sure. But it's a big world out there for investors.

CNBC ON DIGG

UPDATE 2-KLA-Tencor's profit beats street, shares rise

By: AFX | 29 Oct 2009 | 05:43 PM ET

Text Size

By Ian Sherr SAN FRANCISCO, Oct 29 (Reuters) - Chip-equipment maker KLA-Tencor Corp reported stronger-than-expected quarterly earnings and sales as spending on electronics rose. KLA-Tencor, which had lost money the three previous quarters, beat Wall Street's expectations handily. However, analysts said investors had bet on a strong performance after good numbers from rivals such as Novellus Systems, which raised its fourth-quarter outlook as demand for consumer electronics begins to recover. The company, which competes with Applied Materials Inc to provide systems that monitor and analyze chip products, on Thursday reported fiscal first-quarter net income of $20 million, or 12 cents a share, compared with $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 3.1 percent higher at $34.28 in regular trading on the Nasdaq and rose another 2.3 percent to $35.10 in after-hours trading. (Reporting by Ian Sherr; Editing by Leslie Gevirtz and Steve Orlofsky) 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.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Tools: