Why KLA Is Up 8% Today
An encouraging fiscal Q4 report from KLA Corporation (NASDAQ: KLAC) released on Thursday is driving shares of the semiconductor technology name higher by 7.9% on Friday.
Not every name in the business is being crimped by the current microchip shortage, or, for that matter, the lingering fallout from the COVID-19 pandemic. Revenue of $1.93 billion for the quarter ending in June was 32% higher than the year-ago numbers, while per-share earnings of $4.43 had grown 62% from the $2.73 reported for the fiscal fourth quarter of last year, when the contagion was first starting to spread worldwide. Analysts were modeling a profit of only $3.99 per share on sales of $1.87 billion.
Image source: Getty Images.
Source Fool.com
