KLA (KLAC) Stock Moves 2.36%: What You Should Know

KLA (KLAC), a semiconductor equipment manufacturer, closed at $188.32 with a +2.36% gain. The company has a Zacks Rank #2 (Buy) rating with strong earnings expectations: EPS projected at $1.17 (up 32.95% YoY) and revenue at $4.03 billion (up 25.42% YoY). For fiscal year, earnings are expected to reach $5.43 per share and revenue $17.85 billion. However, the stock trades at a Forward P/E of 33.91, above the industry average of 20.37.