KLA-Tencor's second-quarter revenue meets expectations

SAN FRANCISCO Thu Jan 23, 2014 4:19pm EST

SAN FRANCISCO Jan 23 (Reuters) - Chip equipment maker KLA-Tencor Corp reported higher fiscal second-quarter revenue that met analysts' expectations as growing demand for mobile gadgets propelled investments in production capacity.

The company said in a release on Thursday its second-quarter revenue was $705 million, compared to $673 million a year earlier. Analysts, on average, were expecting second-quarter revenue of $705 million, according to Thomson Reuters I/B/E/S.

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