KLA Corp Stock Inches Higher Following Q1 Earnings - Here's Why
Portfolio Pulse from Ryan Gustafson
KLA Corporation (NASDAQ:KLAC) reported Q1 earnings of $5.74 per share, beating the $5.41 estimate, and sales of $2.397 billion, beating the estimated $2.362 billion. Cash flow from operating activities for the quarter was $883.7 million. Q2 earnings per share are estimated to be between $5.26 and $6.46 versus the $5.51 estimate. Revenue is anticipated to be $2.45 billion +/- $125 million versus the 2.4 billion estimate. Shares of KLAC were up 1.57% at $462.01 in the after-hours session.
October 25, 2023 | 8:58 pm
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KLA Corporation reported better than expected Q1 earnings and sales, and provided a positive outlook for Q2. This led to a 1.57% increase in the stock price in after-hours trading.
KLA Corporation reported Q1 earnings and sales that beat estimates, and provided a positive outlook for Q2. This positive news likely led to the increase in the stock price in after-hours trading.
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