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KLA-Tencor profit misses consensus by 21.5% in fiscal Q1

KLA-Tencor Corp. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 37 cents per share, compared with the S&P Capital IQ consensus estimate of 47 cents per share.

EPS decreased 29.4% year over year from 52 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $60.9 million, a decline of 30.3% from $87.3 million in the prior-year period.

The normalized profit margin declined to 9.5% from 13.3% in the year-earlier period.

Total revenue fell on an annual basis to $642.9 million from $658.3 million, and total operating expenses grew 5.0% on an annual basis to $533.7 million from $508.4 million.

Reported net income decreased 35.7% year over year to $71.6 million, or 43 cents per share, from $111.4 million, or 66 cents per share.