KLA-Tencor (Nasdaq: KLAC ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q3), KLA-Tencor met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted significantly. GAAP earnings per share contracted significantly.
Margins contracted across the board.
KLA-Tencor notched revenue of $729.0 million. The 14 analysts polled by S&P Capital IQ anticipated revenue of $726.8 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $840.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.01. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.86 per share. Non-GAAP EPS of $1.01 for Q3 were 20% lower than the prior-year quarter's $1.27 per share. GAAP EPS of $0.98 for Q3 were 19% lower than the prior-year quarter's $1.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 57.5%, 20 basis points worse than the prior-year quarter. Operating margin was 27.7%, 610 basis points worse than the prior-year quarter. Net margin was 22.8%, 160 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $702.4 million. On the bottom line, the average EPS estimate is $0.80.
Next year's average estimate for revenue is $2.82 billion. The average EPS estimate is $3.27.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 253 members out of 285 rating the stock outperform, and 32 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give KLA-Tencor a green thumbs-up, and six 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 $59.31.
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