KLA Corporation (KLAC) tops FQ2 estimates but shares drop on soft guidance
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KLA Corporation Reports Fiscal 2024 Second Quarter Results
January 25, 2024 4:05 PM ESTTotal revenues were $2.49 billion, above the midpoint of the guidance range of $2.45 billion +/- $125 million;GAAP diluted EPS attributable to KLA was $4.28. Non-GAAP diluted EPS attributable to KLA was $6.16, near the upper end of the guidance range. GAAP EPS was impacted by a $219.0 million impairment charge for goodwill and purchased intangible assets, or $1.59 per diluted share.Cash flow from operating activities for the quarter and last twelve months were $622.2 million and $3.48 billion, respectively, and free cash flow was... More
