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Actionable news in KLAC: KLA-Tencor Corporation,

KLA-Tencor (KLAC) Stock Advances in After-Hours Trading on Q1 Beat

NEW YORK (TheStreet) -- Shares of KLA-Tencor (KLAC) were gaining on heavy trading volume after-hours Thursday after the company reported better-than-expected fiscal 2017 first-quarter results.

After today's market close, KLA posted earnings of $1.16 per diluted share, beating analysts' estimated $1.03 per share.

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

For the same period last year, the Milpitas CA-based semiconductor solutions provider earned $1.04 per diluted share on revenue of $733 million.

KLA CEO Rick Wallace said in a statement...