KLA Corporation Sees Q3 204 Adj. EPS $5.26 ± $0.60 Vs $5.85 Est.; Revenue $2.30B ± $125M Vs $2.46B Est.
Portfolio Pulse from Benzinga Newsdesk
KLA Corporation (KLAC) provided guidance for Q3 2024 with an adjusted EPS of $5.26 ± $0.60, which is below the estimated $5.85. Revenue is expected to be $2.30B ± $125M, also falling short of the estimated $2.46B.
January 25, 2024 | 9:08 pm
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KLA Corporation's Q3 2024 earnings and revenue guidance are below analysts' expectations, which could lead to a negative short-term impact on the stock price.
KLA Corporation's guidance for both earnings per share and revenue for Q3 2024 is below the analysts' estimates. This type of financial forecast often results in a negative perception among investors, as it suggests that the company may not perform as well as expected. The lower guidance figures are likely to lead to bearish sentiment in the short term, potentially causing a decrease in the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100