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Stock Market & Financial Investment News

News Breaks
October 25, 2012
12:39 EDTKLACEarnings Preview: KLA-Tencor's Q1 could come in towards low-end of guidance
KLA-Tencor (KLAC) is expected to report Q1 earnings after the market close on Thursday, October 25, with a conference call scheduled for 5:00 pm ET. The consensus estimate is 89c for EPS and $739.97M for revenue, according to First Call. Guidance provided by management on the last earnings call was for EPS 75c-95c on revenue $700-$760M, consensus $829.89M. Bookings for Q1 were guided to $625M- $775M. Piper Jaffray expect the company to report Q1 revenues and EPS in-line, but at the lower end of its guidance. The firm also believes bookings could be biased more to the bottom end, as Piper thinks orders declined across all segments -- given weakness in memory spend and a seasonally slow quarter. However, Piper does expect more than 90% of KLA's September orders to come from foundry and logic customers for 28nm/32nm activity. The firm sees KLA also benefiting from Intel's (INTC) last leg of 22nm spending. Piper estimates gross margins to trend down 250bps quarter-over-quarter to 57% on lower revenues. Although KLA could articulate that bookings could resume in the December quarter, Piper expects recovery to be weak with 28nm foundry off to a slow start -- while modest spending by Intel prevails. However, NAND and DRAM orders remain in hibernation.
News For KLAC From The Last 14 Days
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July 14, 2014
10:00 EDTKLACOn The Fly: Analyst Upgrade Summary
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08:16 EDTKLACKLA-Tencor upgraded to Strong Buy from Neutral at ISI Group
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July 9, 2014
07:40 EDTKLACCLSA to hold investor meetings at SEMICON West
Investor Meetings, in conjunction with SEMICON West, will be held in San Francisco on July 9.
07:40 EDTKLACKLA-Tencor financial model still shows upside to estimates, says UBS
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05:41 EDTKLACKLA-Tencor assumed with an Overweight at Piper Jaffray
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July 8, 2014
15:43 EDTKLACKLA-Tencor off lows as analyst briefing continues
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07:35 EDTKLACUBS to hold meetings at SEMICON West
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06:35 EDTKLACKLA-Tencor increases quarterly dividend by 11% to 50c from 45c
This increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in August.
06:35 EDTKLACKLA-Tencor board announces $1B share repurchase authorization
The board approved an increase in the company's share repurchase program for up to 13M additional shares of the company's common stock. This is in addition to the company's prior repurchase authorizations, under which approximately 2M shares remained available for repurchase as of June 30. The company's share repurchase program is now valued at over $1B based upon the closing price of the company's common stock as of July 7. The company presently anticipates that the current share repurchase authorization will be executed over the next 12-18 months.

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