KLA-Tencor Corp. said its normalized net income for the fiscal first quarter ended Sept. 30 came to $1.33 per share, compared with the S&P Capital IQ consensus estimate of $1.64 per share.
EPS rose 50.6% year over year from 88 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $210.1 million, an increase of 51.4% from $138.8 million in the year-earlier period.
The normalized profit margin increased to 21.7% from 18.5% in the year-earlier period.
Total revenue increased 29.2% year over year to $969.6 million from $750.7 million, and total operating expenses rose 21.2% year over year to $607.9 million from $501.5 million.
Reported net income rose 58.3% from the prior-year period to $281.0 million, or $1.78 per share, from $177.4 million, or $1.13 per share.
