By Yasin Ebrahim
Investing.com -- KLA Corp reported on Wednesday first-quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KLA Corporation (NASDAQ:KLAC) shares gained nearly 2% in after-hours trade following the report.
KLA Corp announced earnings per share of $7.06 on revenue of $2.72 billion. Analysts polled by Investing.com anticipated EPS of $6.22 on revenue of $2.6 billion.
The beat on both the top and bottom lines arrived despite weakness across a broad set of electronics end markets and an increasingly challenging macro-economic backdrop, the company said.
Looking ahead, the company forecast fiscal second-quarter EPS of $6.30 to $7.70 on revenue of between $2.65 billion and $2.95 billion.