KLA-Tencor Corp. said its normalized net income for the fiscal third quarter ended March 31 amounted to 65 cents per share, compared with the S&P Capital IQ consensus estimate of 76 cents per share.
EPS declined 30.9% year over year from 93 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $105.1 million, a decline of 33.0% from $156.9 million in the prior-year period.
The normalized profit margin fell to 14.1% from 18.9% in the year-earlier period.
Total revenue declined 11.2% year over year to $738.5 million from $831.6 million, and total operating expenses declined 5.0% on an annual basis to $541.8 million from $570.4 million.
Reported net income declined 35.1% on an annual basis to $131.9 million, or 81 cents per share, from $203.3 million, or $1.21 per share.