KLA-Tencor Corporation (KLAC) is scheduled to release Q116 earnings before the open today. The Street is looking for EPS of $0.56 and revenue of $625.47 million. Last quarter, the designer of process control and yield management solutions posted a significant positive earnings surprise of 8.79%, reporting EPS of $0.99, $0.08 better than the Street’s consensus estimate of $0.91. Revs increased 3.04% year-over-year to $756.3 million vs. the $734 million reported. Meanwhile, EarningsWhisper.com reports a whisper number of $0.60 per share.
KLA-Tencor Corp. recently traded at $63.50, a gain of $9.64, or 1.90%, over Tuesday’s closing price. The name has a current market capitalization of $8.43 billion.
As for passive income investors, Milpitas, California-based company pays shareholders $2.08 per share annually in dividends, yielding 3.93%.
Update: KLA-Tencor just handed in earnings of $0.71 per share on revenue of $643 million. That compares with Wall Street estimates of $0.56 per share on revenue of $625.5 million.
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