Kulicke And Soffa Industries Sees Q1 Adj. EPS $0.25 +/- 10% vs $0.38 Est., Revenue $160M-$180M vs $190.92M Est.
Portfolio Pulse from Benzinga Newsdesk
Kulicke and Soffa Industries projects Q1 adjusted EPS of $0.25 +/- 10%, below the estimated $0.38. Revenue is expected to be between $160M-$180M, which falls short of the anticipated $190.92M.
November 15, 2023 | 9:14 pm
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Kulicke and Soffa Industries anticipates lower Q1 earnings and revenue than expected, with adjusted EPS at $0.25 versus the $0.38 estimate and revenue between $160M-$180M compared to the forecasted $190.92M.
The projected shortfall in both earnings per share and revenue for Kulicke and Soffa Industries is a negative indicator for the stock's short-term performance. Investors typically react unfavorably to earnings misses, which can lead to a decline in stock price. The company's guidance being below analysts' estimates is likely to be taken as a bearish signal.
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