Yahoo Finance KLA Third Quarter 2024 Earnings: Beats Expectations
KLA (NASDAQ:KLAC) Third Quarter 2024 Results
Key Financial Results
Revenue: US$2.36b (down 3.0% from 3Q 2023).
Net income: US$601.5m (down 14% from 3Q 2023).
Profit margin: 26% (down from 29% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
EPS: US$4.46 (down from US$5.06 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
KLA Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 12% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for KLA that you should be aware of.
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