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KLA-Tencor Slips Despite Higher Q3 Forecast; Here Comes China NAND

Shares of chip equipment maker KLA-Tencor (KLAC) declined 13 cents in late trading to $99.80, even though the company this afternoon reported fiscal Q4 revenue and profit that topped analysts’ expectations, and forecast this quarter comfortably higher as well.

The company sees rising demand for its equipment in new markets for KLA in memory-chips, more so than it has served before. That includes especially new manufacturing in China for things like NAND chips.

As mentioned earlier today, it was a rough day for chip equipment following weaker-than-expected equipment orders reported by Teradyne (TER) yesterday. KLA shares had sold off by 1% during the regular session. Hers of Teradyne and Lam Research (LRCX) rose this evening following KLA’s report, while Applied Materials (AMAT) stock continued to be under some pressure.

KLA’s June-quarter revenue was up 2%, year over year, at $938.6 million, yielding EPS of $1.64. That was better than consensus for $923.8 million and $1.59.

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