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Investing.com - KLA Corp reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KLA Corp announced earnings per share of $7.06 on revenue of $2.72. Analysts polled by Investing.com EPS of $6.22 on revenue of $2.6B.
KLA Corp 's are down 4.3% and is trading at $314.50 , still down 32.97% from its 52 week high of $457.12 set on Thursday, January 13, 2022.
KLA Corp shares gained 2.64% to trade at $314.50 in after-hours trade the report.
KLA Corp follows other major Information Technology sector earnings this month
KLA Corp's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, for EPS of $1.87 on revenue of $7.57B.
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