/KLA%20Corp_%20logo%20on%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
Milpitas, California-based KLA Corporation (KLAC) engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries. With a market cap of $139.9 billion, KLA operates through Semiconductor Process Control, Specialty Semiconductor Process, and PCB & Component Inspection segments.
The semiconductor giant is set to announce its first-quarter results after the markets close on Wednesday, Oct. 29. Ahead of the event, analysts expect KLAC to report an adjusted profit of $8.47 per share, up 15.6% from $7.33 per share reported in the year-ago quarter. Further, the company has a robust earnings surprise history. It has surpassed the Street’s bottom-line estimates in each of the past four quarters.
