KLA-Tencor Corp. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 88 cents per share, compared with the S&P Capital IQ consensus estimate of $1.04 per share.
EPS climbed 59.4% year over year from 55 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $138.8 million, an increase of 58.4% from $87.6 million in the year-earlier period.
The normalized profit margin rose to 18.5% from 13.6% in the year-earlier period.
Total revenue rose 16.8% year over year to $750.7 million from $642.6 million, and total operating expenses grew 5.6% from the prior-year period to $501.5 million from $474.8 million.
Reported net income increased 70.2% year over year to $177.4 million, or $1.13 per share, from $104.3 million, or 66 cents per share.