KLA-Tencor Rising on Blow-Out Forecast: Some Bears Are Coming Around

Tech Trader Daily
By Tiernan RayOct 21, 2016, 1:10 pm85 pts
Shares of chip equipment vendor KLA-Tencor (KLAC) are up $1.53, or 2%, at $73.52, after the company yesterday afternoon reported fiscal Q1 revenue and profit that easily surpassed analysts’ expectations, and forecast this quarter’s results much higher than consensus. Revenue in the three months ended in…

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