Investing.com - KLA-Tencor reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KLA-Tencor announced earnings per share of $4.64 on revenue of $2.08B. Analysts polled by Investing.com anticipated EPS of $4.52 on revenue of $2.04B.
KLA-Tencor shares are up 54% from the beginning of the year and are trading at $340.57 , down-from-52-week-high.They are outperforming the S&P 500 which is up 21.22% from the start of the year.
KLA-Tencor follows other major Technology sector earnings this month
KLA-Tencor's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.84 on revenue of $63.47B.
Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01B, compared to forecast for EPS of $3.19 on revenue of $29.58B.
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