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KLA-Tencor's quarterly revenue meets expectations
April 25, 2013 / 8:50 PM / 4 years ago

KLA-Tencor's quarterly revenue meets expectations

(Reuters) - Chip equipment maker KLA-Tencor Corp’s fiscal third-quarter revenue fell in line with analysts’ expectations as manufacturers remained cautious about the economy and slow PC sales.

Net income fell to $166 million, or 98 cents per share, from $205 million, or $1.21 per share in the same quarter a year earlier, the company said in a statement on Thursday.

Revenue declined to $729 million from $841 million a year earlier.

Analysts on average were expecting third-quarter revenue of $727 million, according to Thomson Reuters I/B/E/S.

Reporting by Noel Randewich; Editing by Phil Berlowitz

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