MILPITAS, Calif. (AP) _ KLA Corporation (KLAC) on Monday reported fiscal fourth-quarter earnings of $411.3 million.
The Milpitas, California-based company said it had profit of $2.63 per share. Earnings, adjusted for one-time gains and costs, were $2.73 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The maker of equipment for manufacturing semiconductors posted revenue of $1.46 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.4 billion.
For the year, the company reported profit of $1.22 billion, or $7.70 per share. Revenue was reported as $5.81 billion.
For the current quarter ending in October, KLA expects its per-share earnings to range from $2.42 to $3.06. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.26.
The company said it expects revenue in the range of $1.41 billion to $1.56 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.39 billion.
KLA shares have increased 17% since the beginning of the year, while the Standard & Poor's 500 index has climbed 2%. In the final minutes of trading on Monday, shares hit $207.65, a rise of 52% in the last 12 months.