Kulicke and Soffa Industries: Up after raising Q4 sales outlook

Kulicke And Soffa Industries

13/10/2020 19:02

** U.S. listed shares of Singapore-based semiconductor
components maker  KLIC.O  rise as much as 6.9% to more than
8-month high of $26.91
    ** Stock up for fourth straight session and on track to post
biggest one-day gain in over two months
    ** Raises Q4 rev outlook to ~$177 mln from ~$165 mln, citing
strong demand for its products from the semiconductor and
advanced LED end markets  urn:newsml:reuters.com:*:nPn87flcPa
    ** Current demand stemming from 5G and advanced display,
which benefits our core and our new growth businesses - CEO
Fusen Chen 
    ** KLIC reports Q4 results next month
    ** YTD, stock down ~1.3%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com;))