KLA-Tencor Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported total revenues of $676,357,000 compared to $705,129,000 a year ago. Income from operations was $154,714,000 compared to $187,982,000 a year ago. Loss before income taxes was $6,268,000 compared to income before income taxes of $176,745,000 a year ago. Net income was $20,268,000 or $0.12 per basic and diluted share compared to $139,246,000 or $0.83 per diluted share a year ago. Net cash provided by operating activities was $11,084,000 compared to $115,271,000 a year ago. Capital expenditures, net were $12,783,000 compared to $14,465,000 a year ago. Non-GAAP net income was $112,826,000 or $0.68 per diluted share compared to $143,070,000 or $0.85 per diluted share a year ago.

For the six months period, the company reported total revenues of $1,319,258,000 compared to $1,363,466,000 a year ago. Income from operations was $263,867,000 compared to $337,893,000 a year ago. Income before income taxes was $92,739,000 compared to $316,609,000 a year ago. Net income was $92,501,000 or $0.56 per basic and diluted share compared to $250,443,000 or $0.49 per diluted share a year ago. Non-GAAP net income was $191,575,000 or $1.15 per diluted share compared to $258,001,000 or $1.53 per diluted share a year ago.

The company guidance for the March 2015 quarter is new orders are expected to be in the range of $500 million to $700 million. The company revenue guidance for third quarter is in the range of $685 million to $765 million and non-GAAP earnings per share in the range of $0.63 to $0.87 per share for the quarter.