The investment thesis for KLA $Kirkland Lake Gold Ltd (KLA.AU)$ which offers semiconductor manufacturing solutions, is simple: fundamentals and industry outlook. And it's one that remains intact following the company's fiscal first-quarter earnings report.
Revenue and GAAP earnings were up 30% and 3% year-over-year, respectively. The reported revenue of $2.72 billion is consistent with the higher end of KLA's guidance range of $2.47 billion-$2.72 billion.
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