KLA Q4 EPS $5.40 Beats $4.85 Estimate, Sales $2.35B Beat $2.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
KLA Corporation (NASDAQ:KLAC) reported Q4 earnings of $5.40 per share, beating the analyst consensus estimate of $4.85 by 11.34%. However, this is a 7.06% decrease from the same period last year. The company also reported quarterly sales of $2.35 billion, surpassing the analyst consensus estimate of $2.26 billion by 4.20%, but this is a 5.31% decrease from the same period last year.
July 27, 2023 | 8:17 pm
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NEUTRAL IMPACT
KLA's Q4 earnings and sales beat estimates but decreased YoY. This mixed result could lead to uncertain short-term price movements.
KLA's earnings and sales beat analyst estimates, which is generally positive for the stock price. However, the YoY decrease in both earnings and sales could be a concern for investors, potentially leading to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100