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KLA-Tencor Sales Spike

The chip-equipment maker beats third-quarter sales estimates.
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(KLAC) - Get KLA Corporation Report

said late Thursday that revenue rose roughly 40% year over year in the third quarter, beating Wall Street's target.

For the quarter ended March 31, the chip-equipment company said it earned $155 million, including share-based compensation and other charges, or EPS of 76 cents.

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That compares with a profit of $96.7 million, or 47 cents per share, a year earlier, but it was immediately unclear if the earnings were comparable to Thomson First Call analysts estimates who sought a profit of 78 cents, excluding items, on revenue of $708.85 million.

The San Jose, Calif., company said that revenue jumped to $716.2 million from $519.6 million a year earlier.

Shares of KLA lost 8 cents in recent after-hours trading to $55.50.