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Actionable news in KLAC: KLA-Tencor Corporation,

KLA-Tencor (KLAC) Stock Advances on Q1 Beat

NEW YORK (TheStreet) -- Shares of KLA-Tencor (KLAC) were higher in early-afternoon trading on Friday as the company late yesterday reported better-than-expected 2017 fiscal first-quarter results.

KLA posted earnings of $1.16 per diluted share, beating analysts' estimated $1.03 per share.

Revenue came in at $751.0 million, surpassing Wall Street's projected $733.8 million.

As a result, Cowen raised its price target to $85 from $80 on shares of the Milpitas, CA-based semiconductor solutions...


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