KLA Q2 2024 Adj EPS $6.16 Beats $5.91 Estimate, Sales $2.49B Beat $2.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
KLA Corporation (NASDAQ:KLAC) reported Q2 2024 adjusted EPS of $6.16, surpassing the $5.91 consensus estimate, and sales of $2.49B, also beating the $2.46B estimate. However, this represents a 16.55% decrease in sales compared to the same period last year.
January 25, 2024 | 9:06 pm
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NEUTRAL IMPACT
KLA Corporation exceeded Q2 2024 EPS and sales estimates but experienced a significant decrease in sales year-over-year.
While KLA Corporation's earnings and sales for Q2 2024 beat analyst estimates, the substantial year-over-year decrease in sales may concern investors about the company's growth trajectory. The positive earnings surprise could lead to a short-term positive sentiment, but the sales decline might temper any significant stock price movement. Therefore, a neutral score is given.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100