04:35 PM EDT, 10/30/2024 (MT Newswires) -- KLA (KLAC) reported fiscal Q1 non-GAAP earnings late Wednesday of $7.33 per diluted share, up from $5.74 per a year earlier.

Analysts polled by Capital IQ expected normalized EPS of $7.05.

Revenue for the quarter ended Sept. 30 was $2.84 billion, up from $2.40 billion a year earlier. Analysts surveyed by Capital IQ expected $2.76 billion.

The company said it expects fiscal Q2 non-GAAP diluted EPS of $7.75, plus or minus $0.60, on revenue of $2.95 billion, plus or minus $150 million. Analysts polled by Capital IQ expect normalized EPS of $7.40 and revenue of $2.85 billion.

Shares of the company were up nearly 2% in after-hours activity.