Kulicke & Soffa Industries Earnings: Here’s Why Investors are Happy Now
Kulicke & Soffa Industries Inc. (NASDAQ:KLIC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.61%.
Kulicke & Soffa Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 54.55% to $0.1 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Decreased 27.48% to $106.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kulicke & Soffa Industries Inc. reported adjusted EPS income of $0.1 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $97.94 million.
Quoting Management: Bruno Guilmart, Kulicke & Soffa’s President and Chief Executive Officer, said, “The second fiscal quarter’s revenue exceeded the high-end of our guidance range. The broadening of our customer base helped partially offset softer demand from certain key customers. Importantly, despite the recent softness and based on the latest VLSI reports and internal data, we believe that we have at least maintained our market share and we remain confident in the ongoing copper transition.”
Key Stats (on next page)…