KLA-Tencor Slightly Above

The chip-equipment maker's net income of 58 cents a share beats estimates by a penny.
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(KLAC) - Get Report

delivered bottom-line and top-line results just above expectations, the company said Thursday after the bell.

The San Jose, Calif.-based chip-equipment maker reported net income of $116 million, or 58 cents a share, in the first quarter of its fiscal year 2005, up from $37 million a year ago.

Sales totaled $519 million,

up 15% from the prior quarter and 63% from year-ago levels.

Analysts had been looking for 57 cents in earnings on $512 million in revenue for the quarter ending Sept. 30.

KLA said it ended the quarter with about six months of backlog at current shipping levels. "Geographically, the strongest order activity originated from Japan, which was above its historical share," the company said in a statement. "Korea, China and Singapore were also above historical levels, while order levels for the United States, Europe and Taiwan were below their historical averages during the quarter."

The company repurchased $74 million worth of shares in the quarter, but its cash and marketable securities increased by $10 million, to $1.89 billion.

Heading into a postclose conference call, analysts were expecting KLA's guidance for December quarter earnings to be 63 cents on revenue of $545 million.

However, earlier this earnings season,



guided sales for the current quarter well below analyst estimates, noting that bookings had weakened in September.

Lam Research

(LRCX) - Get Report

, another prominent industry name, also guided down orders in the December quarter.

After hours, shares of KLA recently tacked on 51 cents, or 1.2%, to $43.52. In regular trading, the stock closed up $1.61, or 3.9%, to $43.01.