From StockStory:

KLA Corporation (NASDAQ:KLAC) announced better-than-expected results in Q2 FY2024, with revenue down 16.7% year on year to $2.49 billion and next quarter’s revenue guidance of $2.3 billion fell 6.5% below analysts’ estimates. KLA’s December quarter results were ahead of expectations and capped a solid year including strong margins and free cash flow growth. KLA Corporation’s revenue growth has slowed but it surpassed analysts’ revenue estimates. However, the company is guiding for a 5.5% year-on-year revenue decline next quarter. At $603 per share, KLA Corporation is down 6% on the results. Today, KLA Corporation trades at $603 per share.

In conclusion, KLA Corporation’s results were mixed this quarter. Investments in the technology sector should consider the company’s valuation, business qualities, as well as what has happened in the latest quarter.



Read more: KLA Corporation (NASDAQ:KLAC) Q2 Sales Beat Estimates But Stock Drops