Kulicke & Soffa Indus Q1 Adj EPS $0.30 Beats $0.26 Estimate, Sales $171.19M Miss $172.01M Estimate
Portfolio Pulse from bharat@benzinga.com
Kulicke & Soffa Industries Inc. (KLIC) reported Q1 adjusted EPS of $0.30, surpassing the $0.26 estimate, but experienced a year-over-year decline of 18.92%. Sales for the quarter were $171.19M, slightly missing the $172.01M estimate, and saw a 2.86% decrease from the previous year.
January 31, 2024 | 9:06 pm
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KLIC reported a higher-than-expected Q1 EPS but missed on sales estimates with a slight year-over-year decline in both metrics.
While KLIC beat EPS estimates, the miss on sales and the year-over-year decline in both earnings and sales may temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100