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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 16, 2015
13:52 EDTKLACKLA-Tencor hits fresh 52-week low on Intel CapEx cut concerns
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13:43 EDTKLACSemi equipment stocks overreacting to Intel capex cut, says Summit Research
Summit Research said Intel (INTC) is pushing out its 10nm plans for multiple reasons and that TSMC (TSM) and Samsung (SSNLF) will not let a "once in a lifetime opportunity" pass and will speed up their own spending. The firm believes the pullback in semiconductor equipment stocks, particularly Applied Materials (AMAT), KLA-Tencor (KLAC) and Lam Research (LRCX), on Intel's capex guidance cut is somewhat of an overreaction and recommends buying amid the weakness.
13:11 EDTKLACSemiconductor equipment stocks fall after Intel cuts CapEx view
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July 14, 2015
08:31 EDTKLACKLA-Tencor board increases quarterly dividend to 52c from 50c
KLA-Tencor announced that its board has authorized an increase in the level of the company's quarterly dividend to 52c from 50c per share. This increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in August 2015. This represents a 4% increase compared to the prior quarterly dividend. In addition to its regular quarterly dividend, KLA-Tencor also paid a special dividend of $16.50 per share in December of 2014.

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