Kulicke & Soffa Indus Q3 EPS $0.55 Beats $0.32 Estimate, Sales $190.92M Beat $190.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kulicke & Soffa Indus (NASDAQ:KLIC) reported Q3 earnings of $0.55 per share, beating the analyst consensus estimate of $0.32 by 71.88%. However, this is a 73.68% decrease from last year's earnings. The company also reported quarterly sales of $190.92 million, beating the estimate of $190.08 million by 0.44%, but this is a 48.70% decrease from last year's sales.
August 08, 2023 | 8:24 pm
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NEUTRAL IMPACT
Kulicke & Soffa Indus beat Q3 earnings and sales estimates, but reported significant decreases from last year's figures.
While KLIC beat the estimates for Q3 earnings and sales, the significant decreases from last year's figures could potentially offset any positive impact from beating the estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100