Kulicke & Soffa Sees Q4 Revenue $180M-$220M vs $209.73M Est., Adj. EPS $0.42 +/- 10% vs $0.44 Est.
Portfolio Pulse from Benzinga Newsdesk
Kulicke & Soffa has projected its Q4 revenue to be between $180M and $220M, which is slightly lower than the estimated $209.73M. The company also expects its adjusted EPS to be $0.42 +/- 10%, slightly below the estimated $0.44.
August 08, 2023 | 8:25 pm
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NEGATIVE IMPACT
Kulicke & Soffa's Q4 revenue and adjusted EPS projections are slightly lower than estimates, which may negatively impact its stock price in the short term.
Kulicke & Soffa's lower than expected Q4 revenue and EPS projections may lead to a decrease in investor confidence, potentially leading to a drop in its stock price. The company's stock price is directly influenced by its financial performance, and lower than expected earnings are typically seen as a negative indicator.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100