KLA-Tencor Corp. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 78 cents per share, compared with the S&P Capital IQ consensus estimate of 86 cents per share.
EPS climbed 62.5% year over year from 48 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $122.3 million, a gain of 53.3% from $79.8 million in the prior-year period.
The normalized profit margin rose to 16.4% from 11.8% in the year-earlier period.
Total revenue rose 5.0% on an annual basis to $710.2 million from $676.4 million, and total operating expenses fell 6.5% on an annual basis to $485.6 million from $519.1 million.
Reported net income grew 670.6% year over year to $152.9 million, or 98 cents per share, from $19.8 million, or 12 cents per share.
