KLA Corp.
shares slipped in the extended session Monday after the semiconductor-equipment maker topped Wall Street earnings estimates for the quarter amid a big tech selloff. KLA shares declined 1.2% after hours, following a 5.1% drop in the regular session to close at $126.46. The company reported fiscal fourth-quarter net income of $217.8 million, or $1.35 a share, compared with $348.8 million, or $2.22 a share, in the year-ago period. Adjusted earnings were $1.78 a share. Revenue rose to $1.
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Stocks slide amid US-China trade war escalationWe're watching markets slide amid escalations in the the US-China trade war. The S&P 500 is having its worst day of the year and the Dow and Nasdaq are both down more than 3%. Watch live on Facebook: You watch, The Donald will tweet out that the US and China are nearing a deal so he will postpone the new tariffs he has threatened to impose on China. He may even lower some of those already in effect. That’s is first impact. The markets will stabilize once th companies announce they’re coming back home with lots of jobs for Americans
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