KLA (KLAC) Gains But Lags Market: What You Should Know

KLA (KLAC) closed at $381.53 in the latest trading session, marking a +0.85% move from the prior day. This change lagged the S&P 500’s 1.62% gain on the day. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 12.91%.

Coming into today, shares of the maker of equipment for manufacturing semiconductors had lost 8.68% in the past month. In that same time, the Computer and Technology sector lost 6.64%, while the S&P 500 lost 4.54%.

Wall Street will be looking for positivity from KLA as it approaches its next earnings report date. On that day, KLA is projected to report earnings of $5.30 per share, which would represent year-over-year growth of 3.31%. Meanwhile, the Zacks…

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