Though near its 52-week high, KLA-Tencor (KLAC) is up 2.3% after beating FQ2 estimates, and...

|About: KLA-Tencor Corporation (KLAC)|By:, SA News Editor

Though near its 52-week high, KLA-Tencor (KLAC) is up 2.3% after beating FQ2 estimates, and guiding on its earnings call for FQ3 revenue of $770M-$830M ($684M consensus) and EPS of $1-$1.18 ($0.82 consensus). In-line with recent analyst notes (I, II), KLA claims it's seeing strong demand from chip foundries, as growing mobile chip production drives them to invest in cutting-edge manufacturing gear.