KLA's (KLAC) Q2 Earnings & Revenues Beat Estimates, Fall Y/Y

KLA Corporation (KLAC) reported second-quarter fiscal 2024 non-GAAP earnings of $6.16 per share, beating the Zacks Consensus Estimate by 4.76%. The figure declined 16.5% year over year.Revenues decreased 16.7% year over year to $2.49 billion, surpassing the Zacks Consensus Estimate by 1.25%. Sequentially, revenues increased 4%.The year-over-year decline in the top line was attributed to softness in the Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display and Component Inspection ...