MILPITAS, Calif. (AP) _ KLA Corporation (KLAC) on Thursday reported fiscal second-quarter earnings of $717.4 million.

The Milpitas, California-based company said it had net income of $4.71 per share. Earnings, adjusted for non-recurring costs, came to $5.59 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.43 per share.

The maker of equipment for manufacturing semiconductors posted revenue of $2.35 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $2.33 billion.

For the current quarter ending in April, KLA expects its per-share earnings to range from $4.35 to $5.25. Analysts surveyed by Zacks had forecast adjusted earnings per share of $5.48.

The company said it expects revenue in the range of $2.1 billion to $2.3 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $2.36 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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