Summary
KLA Corporation (KLAC) filed an 8-K on July 9, 2013, providing updated guidance for its fourth quarter of fiscal year 2013, which concluded on June 30, 2013. During its annual SEMICON West analyst briefing, management indicated that bookings exceeded the mid-point of their previous guidance, coming in over $700 million. Revenues were reported to be in the upper half of the previously forecasted range, and non-GAAP Earnings Per Share (EPS) also performed well at a normalized tax rate of 24%. This update suggests a stronger than anticipated finish to the fiscal year for KLAC. Investors should note that the detailed financial results will be fully disclosed in their upcoming earnings report. The company also alluded to providing future outlook information during the webcast, which is accessible on their investor relations website.
Key Highlights
- 1KLA Corp provided updated financial guidance for its fourth quarter of fiscal year 2013 (ended June 30, 2013) during a SEMICON West analyst briefing.
- 2Bookings for Q4 FY13 were reported to be above the mid-point of prior guidance and exceeded $700 million.
- 3Revenues for Q4 FY13 finished in the top half of the previously provided guidance range.
- 4Non-GAAP EPS for Q4 FY13 also met expectations, achieving results within the upper range at a normalized 24% tax rate.
- 5The company webcast the presentation and made a replay available on its Investor Relations website, complying with Regulation FD.
- 6Future outlook information was also presented during the briefing, details of which are available via the webcast.