Kulicke & Soffa Q3 Revenue Doubles, Beats Estimates; Guides Q4 Above Consensus
KLIC has more than doubled off its 52-week low of $31.32.
Summary
Kulicke & Soffa reported fiscal Q3 revenue of $330.4M, more than doubling year-over-year and beating the $311.67M consensus. Adjusted EPS of $1.20 also topped estimates of $1.008, driven by improving demand across all end markets. The company guided Q4 revenue to $375M +/- $20M, well above the current consensus, with non-GAAP EPS of $1.42 +/- 10%. This follows a strong Q2 turnaround and recent insider selling by the interim CEO, adding a layer of complexity to the bullish signal. The magnitude of the beat and raised guidance materially shifts the near-term earnings trajectory.
At the time of this announcement, KLIC was trading at $96.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $31.32 to $135.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.