KLA-Tencor Corp. said its normalized net income for the fiscal third quarter ended March 31 amounted to $1.26 per share, compared with the S&P Capital IQ consensus estimate of $1.55 per share.
EPS rose 50.8% year over year from 84 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $199.5 million, an increase of 52.1% from $131.2 million in the prior-year period.
The normalized profit margin climbed to 21.8% from 18.4% in the year-earlier period.
Total revenue increased 28.3% on an annual basis to $913.8 million from $712.4 million, and total operating expenses grew 19.3% from the prior-year period to $569.7 million from $477.6 million.
Reported net income increased 45.0% from the prior-year period to $254.0 million, or $1.61 per share, from $175.2 million, or $1.12 per share.
