KLA-Tencor Catches Analysts Sleeping Again
KLA-Tencor (NAS: KLAC) reported earnings on Jan. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), KLA-Tencor beat expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly, and GAAP earnings per share grew.
Margins dropped across the board.
KLA-Tencor reported revenue of $642.5 million. The 16 analysts polled by S&P Capital IQ looked for revenue of $629.4 million. Sales were 16% lower than the prior-year quarter's $766.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.72. The 18 earnings estimates compiled by S&P Capital IQ forecast $0.65 per share on the same basis. GAAP EPS of $1.13 for Q2 were 39% lower than the prior-year quarter's $1.09 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 57.5%, 190 basis points worse than the prior-year quarter. Operating margin was 24.8%, 1,040 basis points worse than the prior-year quarter. Net margin was 17.2%, 700 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $797.4 million. On the bottom line, the average EPS estimate is $1.10.
Next year's average estimate for revenue is $3.08 billion. The average EPS estimate is $4.26.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 254 members out of 287 rating the stock outperform, and 33 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give KLA-Tencor a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on KLA-Tencor is outperform, with an average price target of $51.42.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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