KLA Q3 2024 Adj EPS $6.16 Beats $5.01 Estimate, Sales $2.359B Beat $2.312B Estimate
Portfolio Pulse from Benzinga Newsdesk
KLA Corporation (KLAC) reported Q3 2024 adjusted earnings of $6.16 per share, surpassing the consensus estimate of $5.01 by 22.95%. Quarterly sales reached $2.359 billion, exceeding expectations by 2.05% but marking a 3.04% decrease from the previous year.
April 25, 2024 | 8:15 pm
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KLA Corporation reported a significant beat on both earnings and sales estimates for Q3 2024, with adjusted EPS at $6.16 and sales of $2.359 billion.
Beating earnings and sales estimates significantly, especially by 22.95% for EPS, is likely to instill investor confidence and could lead to a short-term uptick in KLAC's stock price. However, the year-over-year sales decrease might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100