Kulicke and Soffa Industries Inc reports results for the quarter ended in June - Earnings Summary

Kulicke And Soffa Industries

08/08/2024 02:30

* Kulicke and Soffa Industries Inc  KLIC.OQ  reported
quarterly
adjusted earnings of 35 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 55 cents.  The mean expectation of five analysts
for the quarter was for earnings of 30 cents per share. 
    * Revenue fell 4.9% to $181.65 million from a year ago;
analysts
expected $180.14 million. 
    * Kulicke and Soffa Industries Inc's reported EPS for the
quarter
was 22 cents​.
    * The company reported quarterly net income of $12.26
million.
    * Kulicke and Soffa Industries Inc shares had fallen
by 16.5% this
quarter and lost 24.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is also "hold"

Wall Street's median 12-month price target for Kulicke and Soffa
Industries Inc is $53.50 
This summary was machine generated from LSEG data August 8 at
01:30 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.30           0.35           Beat
 Mar. 31 2024      0.24           -0.95          Missed
 Dec. 31 2023      0.26           0.30           Beat
 Sep. 30 2023      0.43           0.51           Beat