Down earlier due to Applied Materials' warning, KLA-Tencor (KLAC -0.2%) has recouped its losses...

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

Down earlier due to Applied Materials' warning, KLA-Tencor (KLAC -0.2%) has recouped its losses after stating at an industry conference it expects FQ4 (ended in June) revenue to be at the high end of the company's guidance range. Also, the chip equipment maker expects bookings to improve in FQ2 following a weak FQ1. KLAC announced a dividend hike earlier today.