Investing.com - KLA Corp reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KLA Corp announced earnings per share of $7.06 on revenue of $2.72. Analysts polled by Investing.com anticipated EPS of $6.22 on revenue of $2.6B.
KLA Corp shares are down 4.3% from the beginning of the year and are trading at $314.50 , down-from-52-week-high.
KLA Corp shares gained 2.64% in after-hours trade the report.
KLA Corp follows other major Information Technology sector earnings this month
KLA Corp's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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