KLA-Tencor's Net Falls

Chips equipment maker KLA-Tencor(KLAC Quote - Cramer on KLAC - Stock Picks) posted mixed results for the second quarter as profit fell although revenue was in line with analysts' expectations.

Net income for the quarter was down to $84 million, or 45 cents a share, compared with $90 million, or 44 cents a share, the year before.

Excluding charges, KLA earned $138 million, or 75 cents, a share, compared with $154 million, or 75 cents a share, a year ago.

Revenue for the quarter was $636 million, down from $649 million in the same quarter a year ago.

Analysts polled by Thomson Financial were expecting earnings of 70 cents a share on revenue of $635.48 million.

Shares of KLA were down 9 cents, or 0.2%, to $41.88 in recent after-hours trading.

The company paid dividends of $27 million and repurchased $126 million of its common stock.

It also agreed to pay $65 million as part of a settlement of a securities class action suit related to its past stock option practices.