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• KLAC 0% Rate It

Process control and yield management solutions provider KLA-Tencor Corporation ( KLAC ) on Thursday posted a downturn in fiscal third quarter earnings, but results still beat analyst expectations.

The Milpitas, CA-based company reported fiscal third quarter net income of $205 million, or $1.21 per share, compared with $210 million, or $1.22 per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.27 per share.

Revenue rose less than 1% from last year to $841 million.

On average, Wall Street analysts expected a much smaller profit of $1.09 per share, on lower revenue of $802.1 million.

KLAC shares closed up $1.91, or +3.6%, in Thursday trading.

The Bottom Line
Shares of KLA-Tencor ( KLAC ) have a 2.54% dividend yield, based on today's closing stock price of $55.11. The stock has technical support in the $50 price area. If the shares can firm up, we see overhead resistance around the $60-$61 price levels.

KLA-Tencor Corporation ( KLAC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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