Earnings To Watch: KLA Corporation (KLAC) Reports Q2 Results Tomorrow - The Chronicle-Journal
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Semiconductor manufacturing equipment maker KLA Corporation ( NASDAQ: KLAC ) will be announcing earnings results this Tuesday after the bell. Here's what to look for. KLA Corporation beat analysts' revenue expectations last quarter, reporting revenues of $3.42 billion, up 11.5% year on year. It was a satisfactory quarter for the company, with a beat of analysts' EPS estimates. Is KLA Corporation a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting KLA Corporation's revenue to grow 13.7% year on year, slowing from the 23.6% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. KLA Corporation has a history of exceeding Wall Street's expectations. Looking at KLA Corporation's peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Intel delivered year-on-year revenue growth of 25.4%, beating analysts' expectations by 11.7%, and Micron reported revenues up 346%, topping estimates by 13.9%. Intel traded down 12.2% following the results. Read our full analysis of Intel's results here and Micron's results here. In the last twelve months or so, the market...
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