MILPITAS, Calif. (AP) _ KLA Corporation (KLAC) on Thursday reported fiscal second-quarter earnings of $978.8 million.

On a per-share basis, the Milpitas, California-based company said it had net income of $6.89. Earnings, adjusted for non-recurring costs, were $7.38 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $7.08 per share.

The maker of equipment for manufacturing semiconductors posted revenue of $2.98 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.83 billion.

For the current quarter ending in March, KLA expects its per-share earnings to range from $4.52 to $5.92. Analysts surveyed by Zacks had forecast adjusted earnings per share of $6.23.

The company said it expects revenue in the range of $2.2 billion to $2.5 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $2.6 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLAC at https://www.zacks.com/ap/KLAC

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