KLA-Tencor Slips: FYQ3 Beats, Q4 View Misses; Cutting Workforce 10%

Tech Trader Daily
By Tiernan RayApr 23, 2015, 5:21 pm99 pts
Chip equipment vendor KLA-Tencor (KLAC) this afternoon reported fiscal Q3 revenue and earnings per share that topped analysts’ expectations, but forecast revenue and profit this quarter lower, and said it would cut its workforce by 10%. The shares rose but then gave up gains in late trading, declining 35…

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